MCX Live News | MCX Live - Part 2

MCX Live News

Mcxlive Chart as on 16 Nov 2021

Gold prices pulled back after a seven-day rally on Monday after U.S. bond yields ticked up, although prices hovered around the five-month highs touched recently underpinned by inflation worries. Spot gold fell 0.3% to $1,858.70 per ounce by 10:02 a.m. ET (1502 GMT), after touching its highest since mid-June at $1,870.04. U.S. gold futures eased Read More

Gold was flat on Friday but was set for its biggest weekly jump in six months, as high U.S. consumer prices drove interest in the metal as an inflation hedge. Fundamentals Spot gold was steady at $1,860.81 per ounce by 0110 GMT, after leaping to a five-month peak on Wednesday. U.S. gold futures edged down 0.1% to $1,862.20. Read More

mcx Chart as on 11 Nov 2021

Gold prices eased on Wednesday as the dollar firmed, with investors looking forward to key U.S. inflation data that could have a bearing on the Federal Reserve’s next policy move. Spot gold fell 0.4% to $1,824.90 per ounce by 0535 GMT, after recording its highest since Sept. 3 in the previous session. U.S. gold futures eased Read More

Gold prices eased on Wednesday, ahead of a crucial Federal Reserve decision, as investors await cues on the U.S. central bank’s plan to taper its pandemic-induced stimulus amid signs of rising inflation. Spot gold fell 0.4% to $1,780.60 per ounce by 0937 GMT. U.S. gold futures for December delivery slipped 0.4% to $1,782.10 per ounce. Read More

Gold prices were subdued on Tuesday ahead of a crucial U.S. Federal Reserve meeting that could offer cues on future interest rate hikes amid rising inflationary pressures. Fundamentals Spot gold edged down 0.04% to $1,792.25 per ounce by 1037 GMT. U.S. gold futures for December delivery dipped 0.04% to $1,795.00 per ounce. “The theme of Read More

The U.S. dollar lost value against major currencies on Wednesday as the Bank of Canada started off a series of awaited central bank policy comments with a hawkish tone. The moves broke a calm that had settled over the currency markets this week and took the U.S. dollar index down 0.2% to 93.759. The greenback Read More

Gold prices fell as much as 1.5% on Tuesday, snapping a five-session long streak of gains, as the dollar firmed and strong company earnings bolstered appetite for riskier assets. Fundamentals Spot gold was down 0.9% at $1,790.54 per ounce by 01:46 p.m. EDT. U.S. gold futures for December delivery settled down 0.7% to $1,793.40 per Read More

Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent crude benchmark rose 71 cents, or 0.8%, to $84.98 per barrel, after falling 0.6% Read More

McxLive Chart as on 18 Oct 2021

Gold dipped on Monday, extending its steep sell-off from the previous session, as U.S. bond yields and the dollar strengthened. Spot gold fell 0.2% to $1,764.22 per ounce by 0701 GMT, after Friday’s 1.6% slide. U.S. gold futures declined 0.2% to $1,764.70. Denting gold’s appeal by raising the non-yielding asset’s opportunity cost, benchmark U.S. 10-year Read More

Gold prices hit their highest in almost a month on Thursday, drawing support from a subdued dollar and U.S. bond yields as investors assessed whether the Federal Reserve would tighten its monetary policy as early as anticipated. Spot gold rose 0.3% to $1,797.27 per ounce by 0920 GMT, having earlier hit its highest since Sept. 15 Read More

Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural gas prices in China, India and Europe will stoke inflation and slow global growth, reducing oil demand. A strong U.S. dollar, trading near a one-year high, also weighed on oil prices, as it makes oil more expensive for those holding other currencies. Read More

Gold prices edged higher on Tuesday drawing strength from rising inflation fears that has rattled financial markets, although concerns over looming U.S. Federal Reserve tapering limited gains. Spot gold rose 0.2% to $1,757.84 per ounce by 0904 GMT, while U.S. gold futures were up 0.1% at $1,757.70. Risk sentiment in wider financial markets was subdued, as inflation fears Read More

Gold eased slightly on Monday as the dollar firmed on expectations that the Federal Reserve would move forward with its plans to taper economic support despite U.S. September jobs data falling short of forecasts. Spot gold fell 0.2% to $1,752.68 per ounce by 0942 GMT, while U.S. gold futures eased 0.2% to $1,753.20. Spot silver Read More