Mcx Live News

Aluminium prices experienced a decline of 1.09%, settling at Rs 257.5, as Japan reported a 6.3% month-on-month increase in August stocks, thereby exerting additional pressure on the market. Nonetheless, losses were constrained as speculative bullish positions alongside robust physical demand initiated a significant reduction in LME inventories, which fell by nearly 100,000 tonnes to 375,000 Read More

Natural gas prices declined by 0.91% to close at Rs 271.6, influenced by substantial storage levels that dampened market sentiment. However, the potential for further declines appeared constrained due to reduced production and anticipations of heightened demand in the near term. In September, production in the Lower 48 states averaged 107.4 billion cubic feet per Read More

Gold prices declined by 0.3% to close at Rs 1,09,822 as investors took profits following the metal’s ascent to record highs, with attention squarely on the U.S. Federal Reserve’s policy decision. Softer payroll data has bolstered expectations for several rate cuts this year, with markets now factoring in three reductions. U.S. economic resilience was underscored Read More

Copper yesterday settled at Rs 915.8, down -0.56%, as profit-taking emerged following a rally fueled by expectations of a U.S. interest rate cut and positive U.S.-China trade developments. Officials from both countries reached a framework agreement on TikTok, which supported market sentiment and softened the impact of losses. China reported a 5% decline in September Read More

Crude oil yesterday settled up by Rs 5,694, marking a 1.92% gain, as markets priced in potential supply disruptions from Russia following renewed Ukrainian drone attacks targeting critical ports and refineries. The strikes, particularly aimed at the Primorsk export hub, are part of Ukraine’s broader strategy to disrupt Russian energy infrastructure. Goldman Sachs estimates that Read More

Gold yesterday settled marginally down by -0.02% at Rs 1,10,156 amid profit booking, as investors processed stronger-than-expected US economic data while anticipating the Federal Reserve’s policy decision on Wednesday. In August, retail sales increased beyond expectations, while import prices experienced their most significant rise in seven months, catching analysts off guard who had forecasted a Read More

Zinc yesterday settled up by 1.11% at Rs 283, influenced by investor expectations regarding forthcoming U.S. interest rate reductions and apprehensions surrounding tightening supply. The U.S. dollar experienced a decline following an increase in jobless claims and the persistence of moderate inflation data, which bolstered market expectations for a potential rate cut by the Federal Read More

Natural Gas yesterday concluded with an increase of 1.68% at Rs 265.8, bolstered by projections suggesting consistent demand in the forthcoming fortnight. Government data indicated a storage build of 71 bcf for the week ending September 5, surpassing last year’s figure of 36 bcf and exceeding the five-year average of 56 bcf. In spite of Read More

Gold yesterday closed higher by 0.74% at Rs 1,10,179 as the dollar index fell to 97.3, marking its lowest point since late July. The market has predominantly factored in a 25 basis points rate cut by the Federal Reserve, anticipated on Wednesday, while maintaining a minimal probability of a 50 basis points reduction in light Read More

Gold eased from an earlier near three-week high on Monday as investors prepared for Congressional testimony from Federal Reserve Chair Jerome Powell this week and monthly U.S. jobs data, both of which could influence interest rate policy. Spot gold was down 0.5% at $1,846.54 per ounce by 2:56 p.m. ET, after hitting its highest since Read More

Gold prices rose on Friday and looked set to post their biggest weekly gain since mid-January, as the U.S. dollar eased, while traders assessed prospects of further rate hikes by the Federal Reserve. Spot gold was up 0.2% at $1,838.84 per ounce, as of 0358 GMT, rising about 1.5% so far in the week. U.S. Read More

Gold prices were set to break their three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve. Spot gold was down 0.3% at $1,831.70 per ounce, after hitting a one-week peak in the previous session. U.S. Read More

Gold prices eased on Tuesday and were headed for their biggest monthly loss since June 2021 as impending interest rate hikes by the U.S. Federal Reserve sapped the non-yielding asset’s appeal. Spot gold was down 0.5% at $1,808.99 per ounce after hitting a two-month low on Monday. U.S. gold futures fell 0.5% to $1,815.80. Bullion Read More

Gold prices were flat on Thursday as the prospects of U.S. interest rates staying higher for longer kept bullion on a tight leash. Spot gold was up less than 0.1% at $1,825.30 per ounce. U.S. gold futures slipped 0.4% to $1,833.50. Elevated interest rates dampen gold’s appeal as an inflation hedge while raising the opportunity Read More

Brent oil fell on Tuesday as concern about a global economic slowdown that would reduce demand prompted investors to take profits on the previous day’s gains, outweighing supply curbs. The focus in the wider financial market is firmly on the release on Wednesday of the minutes of the U.S. Federal Reserve’s latest meeting, after recent Read More

Gold prices on Friday were on track for their third straight weekly dip, weighed down by a stronger dollar and bond yields following fresh hawkish rhetoric from U.S. Federal Reserve officials. Spot gold was last down 0.02% at $1,841.15 per ounce, after earlier falling to its lowest since late December. Prices have fallen 1.4% so Read More

Gold prices regained some ground on Thursday as the U.S. dollar pulled back, although prospects of more interest rate hikes by the Federal Reserve kept investors on edge. Spot gold was up 0.3% at $1,840.94 per ounce, as of 0333 GMT, after hitting its lowest level since early January on Wednesday. U.S. gold futures rose Read More

Gold prices fell on Wednesday as the dollar firmed after data showed U.S. inflation rose last month at its slowest pace since late 2021, reinforcing investor concerns that the Federal Reserve would persist with monetary policy tightening. Spot gold was down 1% at $1,835.80 per ounce after falling to its lowest since early January on Read More