Monday, 28 December 2015

MCX Bullion News Updates


Gold prices-Gold struggled to recover from overnight losses on Tuesday as a relentless slide in oil prices dented demand for the metal, often seen as an inflation-hedge. In the absence of strong trading cues and liquidity, gold is likely to remain range-bound for the remainder of the week, tracking oil and currency markets. Over the short-term, the precious metal will likely trend sideways, as funds look to close out the year and contemplate heading into next year with a fresh slate," said INTL FCStone analyst Edward Meir.


MCX Copper Tips-LME copper is expected to narrowly range USD 4,610-4,660/mt during Asian trading hours Tuesday. LME resumes trade today and the SHFE/LME copper price ratio should go up with depreciation in Chinese yuan. Consumer confidence indexes released by other two institutes were positive in December. As such, the Conference Board’s December consumer confidence index should be positive as well. The IBD’s consumer confidence index rose sharply from November in December, and the University of Michigan’s consumer confidence index also beat forecast and preliminary reading in December.    

Crude oil prices-Crude oil futures came under renewed pressure early on Tuesday as fears of slowing demand added to near-record global production levels, which have already slashed prices by two-thirds since the middle of last year. While output from exporters like Russia, the Organization of the Petroleum Exporting Countries (OPEC) and U.S. shale drillers has been at or near record highs, demand has so far held up strong, preventing oil prices from falling even lower. 


Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tips

Related Posts:

  • INDIAN BENCHMARKS NEWS UPDATES INDIAN BENCHMARKS are likely to witness cautious opening as the global cues look slightly supportive with SGX Nifty trading 21.50 points higher. Global Indices: Asian stocks rallied on Monday as a weaker yen bolste… Read More
  • Corporate News Update CAPITALSTARS  DAILY CORPORATE NEWS SBI issues 30,000 Basel III compliant Tier-II bonds; stk up State Bank of India (SBI) rose over 2%, to Rs163.30, after the bank raised Rs3000 crore through issue of bonds on pr… Read More
  • Performance Of The Day CS PERFORMANCE MESSAGE: STOCK FUTURES: FUTURES INTRADAY: JSW STEEL  FUTURE BUY CALL 3  TG HDFC   FUTURE SELL CALL 2 TG KSCL FUTURE BUY CALL 1 TG                  … Read More
  • Budget 2016: the budget before these stocks was at stake, expect decent returns Budget in a few days left. Budget-related news is seeing a sharp movement in the sectors.The large fluctuations in the market, the question is then, that investors should do now.Expert Committee on the market and large … Read More
  • INDIAN BENCHMARKS MARKET WRAP-UP UPDATES INDIAN BENCHMARKS: SENSEX ENDS FLAT AFTER A VOLATILE SESSION, NIFTY 50 CLOSES ABOVE 7200 Tracking mixed cues from European and other Asian markets, the domestic equity market ended a volatile week on a flat note. Th… Read More

1 comment:

Blog Archive

Powered by Blogger.