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MCX COMMODITY EVENING MARKET NEWS UPDATES – 23 OCT 2017

Demand for Gold Drops Amid Stronger U.S. Dollar, Appetite for Risk – Gold prices hit a two-week low early Monday as investors continued to react to rising U.S. Treasury yields and increased demand for higher risk assets. The rise in Treasury yields is helping to make the U.S. Dollar a more attractive investment which is

Gold prices inch up from one-week low – 18 OCT 2017

Gold prices inched up on Wednesday from a one-week low with the dollar holding steady, but speculation that President Donald Trump might pick a policy hawk to lead the U.S. Federal Reserve weighed on the metal. Spot gold was up 0.1 percent at $1,286.11 an ounce at 0350 GMT. It hit a one-week low of

MCX COMMODITY MARKET NEWS & LEVELS – 17 OCT 2017

Gold Prices Fall In Asia As Dollar Gains Deter, Safe-Haven Demand Eases. Gold prices fell in Asia on Tuesday as investors noted a stronger dollar and less appetite for safe-haven plays weighed on sentiment and as physical demand in India for the holiday season has failed to lift the futures market. Overnight, gold prices held

MCX COMMODITY EVENING MARKET NEWS UPDATES – 16 OCT 2017

Oil rises as fighting escalates in Iraq’s oil-rich Kirkuk – Oil markets jumped on Monday as Iraqi forced entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC’s second-largest producer. Iraq launched the operation in the multi-ethnic region on Sunday as the crisis between Baghdad and the

MCX COMMODITY MARKET NEWS & LEVELS – 16 OCT 2017

Gold Prices Gain In Asia On Middle East Tensions, Iraq In focus. Gold prices edged up in Asia on Monday with tension in the Middle East supporting risk demand as Baghdad moved troops into the oil-rich Kirkuk region where the Kurdish Regional Government has a stronghold and has mulled a push for independence opposed by

US markets end in green, treasury yields slip on US inflation data

The Dow Jones Industrial Average rose 44.28 points, or 0.19 percent, to 22,885.29, the S&P 500 gained 4.63 points, or 0.18 percent, to 2,555.56 and the Nasdaq Composite added 19.10 points, or 0.29 percent, to 6,610.61. European shares rose to their highest in nearly four months, helped by corporate earnings updates. The pan-European FTSEurofirst 300

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