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 : 06 MARCH 2020
Copper Ends Marginally Up On MCX MCX Copper futures stayed broadly supported yesterday as global Copper prices held up despite a deep cut in equities in US and Europe. Copper eyed the slide in US dollar. US dollar index stayed slippery and fell to a two month low of 96.40. COMEX Copper is down in
CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 4 MARCH 2020
BULLION – Bullion counter can witness positive gains but profit can be seen at higher levels as prices scaled higher after emergency rate cut by Fed. Gold prices rose on Wednesday, after surging more than 3% in the previous session as the U.S. Federal Reserve cut interest rates to help soften the economic blow from
CAPITALSTARS – MCX COMMODITY NEWS UPDATE : 04 MARCH 2020
Crude Rebounds In Asian Trades, Local Futures To Eye INR WTI Crude oil futures saw volatile movement as the US equities fell sharply despite a surprise rate cut of 50 basis points from the US Fed. Oil had soared sharply in tune with risky assets on expectations that central banks will likely announce financial
