Category Archives: Daily Commodity Market Levels
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 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
CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 19 FEBRUARY 2020
Gold Surges Above $1600 Per Ounce Levels. Gold futures saw an impressive upmove as buying support stayed in place amid falling equities. The COMEX Gold futures rose to a two month high of $1605 per ounce, up marginally on the day. Demand was firm for safe-havens after iPhone maker Apple Inc’s revenue warning underscored the
CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 18 FEBRUARY 2020
COMEX Copper Hits Two And Half Week Top. Copper futures gained sharply yesterday, hitting around two and half week high of $2.63 per pound amid steady equities and hopes of continued monetary stimulus from China as it tries to subdue the impact of Coronavirus epidemic that has killed more than 1,700 people. China’s central bank
CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 17 FEBRUARY 2020
Crude Tests Rs 3700 Per Barrel On MCX. WTI Crude oil stayed well supported as a recovery from 13 month lows extended. WTI Oil surged above $52 per barrel while MCX Crude oil also broke above Rs 3700 per barrel. Oil rallied on the possibility of deeper supply cuts from the Organization of the Petroleum
CAPITALSTARS – MCX COMMODITY MARKET NEWS & LEVELS – 13 FEBRUARY 2020
Gold Supported As Powell Indicates Use Of Quantitative Easing. COMEX Gold saw some buying after the US Federal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next economic downturn by buying large amounts of government debt to drive down long-term interest rates indicating use of quantitative easing. COMEX Gold has been
