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Tag Archives: MCX Commodity Tips

MCX COMMODITY MARKET NEWS & LEVELS – 21 AUG 2017

Gold prices dip with Jackson Hole central bank views awaited.   Gold prices fell slightly in Asia on Monday with the tone from central bank chiefs meeting in Wyoming this week on withdrawing extraordinary monetary stimulus key to the fortunes of the metal. Coming up this week, investors will be looking ahead to speeches by

MCX COMMODITY MARKET NEWS & LEVELS – 18 AUG 2017

Gold drifts higher in Asia as India-China spat in focus.   Gold drifted slightly higher in Asia with some attention shifting to a tense Himalayan standoff between India and China who fought a brief, but bloody border war over the territory in 1962. India and China, the world’s top two gold buyers, started a standoff two

MCX COMMODITY MARKET NEWS & LEVELS – 17 AUG 2017

Gold gains in Asia as Fed indecision seen a buy opportunity.   Investors took advantage of more confusion about Fed policy on rates and took the precious metal higher in Asia on Thursday after minutes released overnight casts some doubt on a third hike this year. Fed minutes showed an increased debate about another rate hike

MCX COMMODITY MARKET NEWS & LEVELS – 16 AUG 2017

Gold falters after Kim Jong Un reportedly delays Guam strike.   Gold prices fell on Tuesday, as U.S-North Korea tensions eased, after North Korean leader Kim Jong Un was reported to have delayed a decision on firing missiles towards the U.S. pacific territory of Guam. Gold prices struggled to shake off losses, as demand for safe-haven

MCX COMMODITY MARKET NEWS & LEVELS – 14 AUG 2017

Gold gains in Asia in buy data day, Korea impasse continues.   Gold prices gained slightly in Asia on Monday in a buy regional data day, but North Korea off the boil for now. Japan’s second quarter surged an unexpected 4..0% on year as investment in plant and equipment lifted sentiment for the sixth straight quarter

MCX COMMODITY MARKET NEWS & LEVELS – 11 AUG 2017

Gold gains in Asia with NKorea tension supporting, India data ahead.   Gold found support in Asia on Friday as tensions between North Korea and Washington show no signs of abating and investors looked ahead to data out of top gold buyer India on FX reserves for July and industrial production for June. Overnight, gold

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