MCX COMMODITY DAILY UPDATES Precious Metals Preview: MCX Gold Futures Ease Half A Percent. Gold stayed largely supported after testing around one week low as traders eyed the recent demand supply data and also tracked a rebound in the US equities. COMEX Gold currently trades flat at $1844 per ounce. MCX Gold futures ended at Rs 48624 per […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Slides To One Week Low, Dollar Index Gains. Gold is failing to see buying support on strength in the US dollar. Gold cut losses after testing one week low as the US Fed stuck to its ultra-dovish monetary stance. The US Federal Reserve said that it is committed to using […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Sees Rangebound Movement. COMEX Gold futures saw a tight rangebound movement yesterday as improving global economic outlook capped the upside movement. The weak US dollar and sustained drop in the US Covid-19 cases on a daily basis is keeping the overall scenario mixed for yellow metal after it came off […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Slips Half A Percent, US Covid-19 Cases Coming Down. MCX Gold futures lost half a percent on Friday, ending at Rs 49190 per 10 grams. Local futures eyed weak global cues and were also pulled lower by firm moves in Indian rupee that stayed supported following recent surge. INR closed […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Pulls Back From Two Week High, US Treasury Yields Edge Up. COMEX Gold eased yesterday as two week highs above $1870 per ounce failed to sustain. Profit selling emerged in the metal as traders focused on the upbeat performance in the production of Gold miners and also kept an eye […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: COMEX Gold Spikes Near Two Week High. COMEX Gold futures saw an impressive spurt as excellent buying was seen in the metal on rising Covid-19 cases in Europe. Spanish daily new connections hit in excess of 40K- rising to a fresh high and France extended restrictions on restaurants and cafes till […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Gains On Yellen Comments. Gold saw decent buying after testing around one week low. Janet Yellen, US President-elect Joe Biden’s nominee to run the Treasury Department has stated that the government must act big with its next coronavirus relief package. Traders focussed on the continuation of the ultra-easy monetary policy […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: MCX Gold Futures To Eye Weakness In INR. Gold saw some buying after testing around one week low though overall mood was choppy. US markets were shut for a public holiday and traders focussed on the trends in Indian demand. According to the latest data from India’s Commerce ministry, India’s Gold […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: COMEX Gold Slips Near One Week Low. COMEX Gold saw consistent selling pressure last week after recovering from a near three week low as firm US dollar and rising US Treasury yields weighed on the metal. COMEX Gold eyed outlook on US interest rates after the benchmark 10 year US yields […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Sees Choppy Moves. Gold saw choppy moves as US Treasury yields edged up yet again. Markets focussed on the US stimulus and pushed up the benchmark US 10 year treasury yields by more than 3%. In a key update, the US Federal Reserve Chair Jerome Powell noted that the recovery […]
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