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Tag Archives: Commodity Free Tips

CAPITALSTARS – MCX COMMODITY NEWS UPDATE : 13 MARCH 2020

Copper Under Severe Stress COMEX Copper futures tanked near three and half year low yet again as DOW fell 10% and European equities also saw similar losses. China’s automobile sales plummeted in February, as the coronavirus epidemic spread and curbed consumption demand, according to media reports. Total auto sales were down 79% from a year

CAPITALSTARS – MCX COMMODITY NEWS UPDATE : 12 MARCH 2020

MCX Gold Trades Flat As INR Firms Up COMEX Gold futures backed off sharply yesterday amid an excellent rebound in US equities. Gold jumped to eight year highs above $1700 per ounce on Monday amid panic selling in world equities. The coronavirus fear hurt sentiments for risky assets, boosting Gold. The coronavirus outbreak could cost

CAPITALSTARS – MCX COMMODITY NEWS UPDATE : 11 MARCH 2020

Copper Gains After Testing Multi Year Low COMEX Copper futures edged up after witnessing heavy losses on Monday. The red metal fell to its lowest level in around three years but gained a recovery emerged in global stocks after the carnage on Monday as hopes of targeted economic stimulus boosted sentiments. Global markets saw their

CAPITALSTARS – MCX COMMODITY NEWS UPDATE : 03 MARCH 2020

Crude Jumps Around 5% On MCX MCX Crude oil futures jumped on positive global cues. Oil rose as global equities edged up and bargain buying lifted the commodity well above its 14 month low. The WTI Crude oil futures are currently quoting at $48 per barrel, up 2.78% on the day. MCX Crude oil futures

CAPITALSTARS – MCX COMMODITY NEWS UPDATE : 02 MARCH 2020

MCX Gold Slides, COMEX Gold Under $1600 Per Ounce. COMEX Gold futures slipped sharply as financial markets saw a heavy pounding. Gold stayed supported earlier in the week as the coronavirus continued to spread rapidly outside China and people in around 50 countries have now been infected. However, the COMEX Gold futures fell more than

CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 27 FEBRUARY 2020

Gold Sees Bargain Buying After Declines. COMEX Gold futures slipped yesterday, adding to recent losses but recovered on continued fears that the coronavirus outbreak could escalate into a pandemic. The yellow metal has come off seven year highs but is witnessing buying at the lower levels as equities remain stressed around the globe. Asian stocks

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