Author: Updates McxIndia

Gold prices were pressured on Monday, hurt by a stronger dollar and concerns the U.S. Federal Reserve might hint at when it intends to begin tapering its asset purchases in its upcoming meeting. Spot gold was little changed at $1,755.84 per ounce, having earlier touched its lowest level since Aug. 12 at $1,741.86. U.S. gold Read More

Gold prices drifted lower on Thursday, with a firmer dollar and U.S bond yields diminishing its appeal, as investors turned their attention to next week’s U.S. Federal Reserve meeting for clues on when it would begin tapering its stimulus. Fundamentals Spot gold was 0.5% down at $1,784.35 per ounce by 0859 GMT, while U.S. gold Read More

McxLive Chart as on 15 Sept 2021

Gold prices on Wednesday consolidated in a tight range near the key $1,800 level as softer U.S. inflation data fed uncertainty about the Federal Reserve’s tapering timeline. Spot gold was down 0.2% at $1,800.38 per ounce, but slightly off a one-week peak of $1,808.50 hit on Tuesday, in part because the dollar recovered some ground Read More

Gold prices edged lower on Tuesday as a stronger dollar crimped bullion’s appeal ahead of U.S. inflation data that could offer cues on the possible timeline for the Federal Reserve’s tapering. Fundamentals Spot gold fell 0.2% to $1,790.74 per ounce by 0138 GMT. U.S. gold futures eased 0.1% to $1,792.10. The dollar index was steady Read More

Mcxlive Chart as on 10 Sept 2021

Gold bounced above $1,800 on Friday, buoyed by bets that central banks may keep interest rates relatively low to stave off lingering growth risks. But an overall uptick in the dollar, while investors tried to gauge the timing of the U.S. Federal Reserve’s taper timeline, kept bullion on course for a weekly decline. Spot gold Read More

Mcxlive Chart as on 09 Sept 2021

Oil prices ticked lower on Thursday, giving up some of the last session’s gains although a decline in U.S. Gulf of Mexico output following Hurricane Ida provided a floor under the market. Brent was down 18 cents, or 0.25% to $72.42 a barrel at 0107 GMT and West Texas Intermediate (WTI) crude gave up 17 Read More

Mcx Live Chart as on 08 Sept 2021

The market perceived the Fed statement a few weeks ago as dovish, and last Friday’s jobs report, which was disappointing, reinforced that. As a result, the previously oversold precious metals sector is rallying. The charts show there are clear rally targets. Let’s start with GDXJ, the best proxy for most who invest in the sector. Read More

Mcxlive Chart as on 07 Sept 2021

Gold prices firmed on Tuesday, propped up by a softer dollar and prospects of the U.S. Federal Reserve delaying a tapering in its pandemic-era bond purchases. Fundamentals Spot gold rose 0.2% to $1,826.75 per ounce by 0108 GMT. Prices had hit a 2-1/2-month high last week following a disappointing U.S. non-farm payrolls data. A strong Read More

Mcxlive Chart Chart as on 03 Sept 2021

Gold prices hovered on Monday below a 2-1/2-month peak after a disappointing U.S. jobs data signaled that the Federal Reserve could push back the timeline for tapering stimulus measures, bolstering bullion’s appeal as an inflation hedge. Fundamentals Spot gold was steady at $1,826.65 per ounce, as of 0048 GMT. In the previous session, prices hit Read More

Mcxlive Chart as on 03 Sept 2021

Gold prices rose on Friday after the dollar weakened, with investors awaiting the U.S. jobs data to gauge the Federal Reserve’s plans to start tapering asset purchases, although for the week, the metal was headed for its first decline in four. Spot gold rose 0.2% to $1,813.15 per ounce by 0327 GMT, and was down Read More

Mcxlive Chart as on 01 Sept 2021

Gold prices were little changed on Wednesday as investors awaited a key U.S. jobs report for clues on when the Federal Reserve might start reducing its pandemic-era stimulus measures. Spot gold was steady at $1,814.01 per ounce by 0343 GMT, while U.S. gold futures eased 0.1% to $1,816.00. The dollar index clawed 0.1% higher, but Read More

ftse futures Chart as on 31 Aug 2021

Gold prices slipped, after touching a near a four-week high earlier on Monday, as the dollar ticked up from its lows and investors showed caution in the run-up to the release of a key U.S. jobs report later in the week. Spot gold fell 0.4% to $1,808.67 per ounce by 1:33 p.m. ET after touching Read More

Mcxlive Chart as on 27 Aug 2021

Gold prices were steady on Friday, as investors awaited Fed chief Jerome Powell’s speech later in the day at the Jackson Hole symposium after some U.S. central bank officials called for paring bond purchases. Fundamentals Spot gold rose 0.1% to $1,793.68 per ounce by 0104 GMT. U.S. gold futures rose 0.1% to $1,796.70. The dollar Read More

Oil prices fell on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico’s production and signs that China, the world’s biggest importer, has curbed a recent coronavirus outbreak. U.S. West Texas Intermediate (WTI) crude futures fell 25 cents, or 0.4%, to $67.29 a barrel by 0151 Read More

Gold prices fell slightly on Tuesday, although they hovered above the key psychological level of $1,800 on expectations that the U.S. Federal Reserve might delay cutting back its stimulus amid rising cases of the delta coronavirus variant. Fundamentals Spot gold eased 0.2% to $1,801.78 per ounce by 0100 GMT, having jumped about 1.4% in the Read More

Gold prices eased on Thursday as a stronger dollar and bets over an early policy tapering by the U.S. Federal Reserve weighed on sentiment, although losses for the safe-haven metal were limited by concerns that rising COVID-19 cases will slow global growth. Spot gold fell 0.5% to $1,778.65 per ounce by 2:21 p.m. EDT. U.S. Read More

Natural gas futures fell on August 18 as participants raised their short bets as seen by the open interest. The gas price had tumbled 2.76 percent yesterday on the NYMEX. The energy commodity extended decline after a flat to gap-up start in the afternoon, tracking the weak overseas cues. On the MCX, natural gas delivery Read More