MCX COMMODITY DAILY UPDATES Precious Metals Preview: MCX Gold Slides Well Under Rs 48K. Gold continued to stay slippery after hitting a one week high and saw a substantial correction in the US trades, falling around 1% to approach $1820 per ounce mark. US stocks hit another record high and the Dollar index stabilized around one week low, […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: MCX Gold Ends With Modest Gains. MCX Gold futures managed to end with modest gains but the Rs 48000 per 10 grams mark acted as a stiff resistance. The COMEX Gold futures moved back from a one week high amid profit selling pressure as recent surge in equities and continued Covid-19 […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Good Rebound In Gold, COMEX Futures Back Above $1800 Per Ounce. COMEX Gold futures saw a good bounce in last session after testing two month low as good investment demand boosted sentiments after recent spree of losses. The metal added more than 1.30% to close at $1815 per ounce. MCX Gold […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Plummets Near Two Month Low, Trades Under $1800 Mark. Gold tumbled in last session, falling to a two month low as a drop under $1800 per ounce triggered plenty of panic selling in the yellow metal. Strong US economic cues hurt the mood and the commodity lost more than 2% […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Gold Slips To Two Week Low In Asia. Gold slipped today, testing near two week low. The US stocks saw choppy moves as traders eyed earnings. Upbeat economic cues kept sentiments mostly supported. Gold eyed firm moves in commodities complex as Crude oil and Copper added impressive gains. However, the recent […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Silver Tanks Sharply. COMEX Gold futures fell sharply as a firm undertone in the US dollar and a reduction in India’s precious metals import duty weighed on the commodity. COMEX Gold dropped around 1.5% to test a two week low of $1830 per ounce. Silver slumped sharply amid a continued unravelling […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Sharp Fall Noted In MCX Gold After India Cuts Customs Duty. MCX Gold futures slipped sharply in last session as a reduction in India’s customs duty led to a deep correction. The finance minister Nirmala Sitharaman reduced customs duty on gold and silver from 12.5% to 7.5%. She noted that Gold […]
MCX COMMODITY DAILY UPDATES Precious Metals Preview: Risk Aversion Supports Sentiments For Gold. Gold stayed supported, bouncing sharply after testing around one week low as accelerated risk aversion in world markets boosted the yellow metal on safe haven demand. The metal hit one week high of $1870 per ounce. MCX Gold futures also broke above Rs 49000 per […]
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