Sunday, 10 January 2016

MCX Bullion News Updates

Gold prices-Gold bounced back on Monday with the market inching towards last session's nine-week high as pressure on Asian stock markets triggered safe-haven bids for the metal. China will face great difficulty in achieving economic growth above 6.5 percent over the 2016-2020 period due to slowing global demand and rising labor costs at home, the China Securities Journal quoted a top state adviser as saying. Gold climbed to its highest since early November on Friday, adding more than 4 percent.

MCX Copper Tips-LME copper will narrowly range USD 4,455-4,490/mt during Asian trading hours Monday. China’s NBS shows December CPI rose 1.6% YoY, with the growth up 0.1 percentage point, while PPI fell 5.9% YoY. Major economic indicators slated for release today include China’s and overseas trade numbers, power consumption and financial credit figures. China’s imports are expected to fall in December due to yuan’s devaluation. Concerns that the PBOC will continue to intervene in the exchange market still exist.  


Crude oil prices-U.S. crude oil prices were down more than 2 percent in early trading on Monday as traders increasingly lose faith in a significant market recovery soon and bet on even lower prices. Monday's falls add to an over 10 percent price drop in the first trading week of the year and when Goldman Sachs said oil could hit $20, and would see sustained low prices through the first quarter "so producers will move budgets down to reflect $40 a barrel oil for 2016. 


Related Posts:

  • Performance Of The Day CS PERFORMANCE MESSAGE STOCK FUTURES FUTURES INTRADAY BEL FUTURE BUY CALL 3 TGT WIPRO FUTURE BUY CALL 1  TGT HDFC  FUTURE BUY CALL HOLD FOR TOMORROW                  … Read More
  • INDIAN BENCHMARKS MARKET WRAP-UP UPDATES INDIAN BENCHMARKS: SENSEX ENDS 119 POINTS LOWER,NIFTY-50 BELOW 7900 A day ahead of the December series F&O expiry, domestic equity benchmarks remained range bound on Wednesday, even as yearend holiday mood slowed d… Read More
  • MCX Bullion News Updates Gold prices-Gold was little changed on Wednesday as thin liquidity and a firmer dollar capped price moves, although the metal remained on track to close the year lower for a third time in a row. The precious metal has lost… Read More
  • INDIAN BENCHMARKS NEWS UPDATES INDIAN BENCHMARKS - The key domestic benchmark indices were trading near the flat line during the morning trading session on Wednesday amid mixed global cues. The traders remained cautious with World Bank chief economis… Read More
  • Corporate News Update CAPITALSTARS  DAILY CORPORATE NEWS Dr. Reddy's announces relaunch of Esomeprazole Magnesium Capsules Dr. Reddy's Laboratories Ltd has announced the relaunch of Esomeprazole Magnesium Delayed-Release Capsules, the… Read More

0 comments:

Post a Comment

Blog Archive

Powered by Blogger.