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Category Archives: Daily Commodity Market Strategy

CAPITALSTARS – MCX COMMODITY EVENING MARKET NEWS UPDATES – 16 MAY 2018

Gold Prices Push Higher, Still Below $1,300 Level –  Gold prices pushed higher on Wednesday, but remained below the $1,300 level after slumping on Tuesday as strength in the dollar and U.S. government bond yields prompted investors to sell off the yellow metal. The dollar rallied to five-month highs on Tuesday after a U.S. retail

CAPITALSTARS – MCX COMMODITY EVENING MARKET NEWS UPDATES – 15 MAY 2018

Gold Prices at 1-Week Lows as Rising U.S. Bond Yields Weigh – Gold prices fell to one week lows on Tuesday as rising U.S. Treasury yields dampened investor demand for the precious metal. The yellow metal slid as the yield on 10-year U.S. Treasury notes ticked up to 3.025%, the highest level in three weeks. A rise

CAPITALSTARS – MCX COMMODITY EVENING MARKET NEWS UPDATES – 14 MAY 2018

Gold Prices Little Changed As Dollar Slips – Gold prices were little changed on Monday as the dollar opened the week slipping against the other major currencies amid sagging U.S. 10-year Treasury yields. Meanwhile, the U.S. Dollar Index that tracks the greenback against a basket of six major currencies last stood at 92.28, down 0.17%. The greenback

CAPITALSTARS – MCX COMMODITY EVENING MARKET NEWS UPDATES – 11 MAY 2018

Gold Prices Edge Down As Dollar Steadies After Inflation Data – Gold prices edged down on Friday as the dollar bounced from a fall after the CPI figures missed in America. Meanwhile, the dollar retreated from this year’s high after the U.S. released soft CPI data, but rose slightly against the other major currencies on Friday

CAPITALSTARS – MCX COMMODITY EVENING MARKET NEWS UPDATES – 10 MAY 2018

Gold consolidates in a range above $1310, US CPI awaited – Gold struggled to build on overnight rebound from the very important 200-day SMA region and was now seen oscillating in a narrow range, just above $1310 level. A modest US Dollar profit-taking slide on Wednesday, further weighed by softer-than-expected US PPI print, benefitted dollar-denominated commodities and triggered

CAPITALSTARS – MCX COMMODITY EVENING MARKET NEWS UPDATES – 09 MAY 2018

Gold Prices Fall as Strong Dollar, Rising Treasury Yields Weigh – Gold prices fell on Wednesday, pressured lower by strength in the dollar and Treasury yields after the U.S. withdrew from the nuclear deal with Iran, which kept prices within reach of two month lows. On Tuesday, President Donald Trump pulled the U.S. out of the

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