MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Lingers Around $1890 Per Ounce. Gold witnessed a very choppy movement as global markets saw thin moves though a relentless drop in the US dollar index kept the overall undertone supportive for the commodity. However, the US dollar index fell well under 90 mark and eased near 89.60, down 0.20% […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: COMEX Gold Supported As Dollar Sinks. Gold witnessed a very choppy movement as global markets saw thin moves and sentiments in the yellow metal turned lax after prices eased from one week high above $1900 per ounce. However, the US dollar index fell under 90 mark and currently lingers at 89.70, […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: COMEX Gold Fails To Hold Above $1900 Per Ounce Mark. Gold saw good gains yesterday before pulling back. The metal hit one week high above $1900 per ounce as media reports stated that US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package. COMEX Gold futures […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: MCX Gold To Eye Strength In INR. Gold should see continued rangebound moves as the yearend draws closer. COMEX Gold futures stayed supported last week on reports that Britain has detected a new variant of the coronavirus in contacts of cases who have travelled from South Africa. This strain has now […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: MCX Gold Futures End Above Rs 50K Level. COMEX Gold futures rose on reports that Britain has detected a new variant of the coronavirus in contacts of cases who have travelled from South Africa. South Africa’s health department said last week that a new genetic mutation of the virus had been […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: MCX Gold Futures Slide Near Rs 50000 Per 10 Grams. COMEX Gold futures stayed slippery as intraday highs near $1890 per ounce triggered massive selloff in the commodity and pulled back from lows near $1860 per ounce yesterday. Gold is broadly supported after Europe reported a new strain of Covid-19 and […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Silver Continues To See Good Fund Buying. Large precious metals speculators continued to increase their bullish net positions in the Silver futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold To Eye US Stimulus. COMEX Gold futures soared sharply last week as the US dollar extended losses and commodities firmed up across the board. COMEX Gold futures hit a one month high near $1890 per ounce with excellent support coming in even as global equities extended winning movement. The US […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Sharp Rally In Gold, COMEX Futures Approach Near $1900 Per Ounce. COMEX Gold futures soared sharply as the US dollar extended losses and commodities firmed up across the board. COMEX Gold futures hit a one month high near $1890 per ounce with excellent support coming in even as global equities extended […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: COMEX Gold Rises Half A Percent In Asian Trades. COMEX Gold futures flipped back yesterday as highs around $1870 per ounce failed to extend after the US Fed kept size of bond purchases unchanged. The US central bank had said that it will buy at least $80 billion per month of […]
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