MCX GOLD APRIL FUTURES DECLINED ON GLOBAL CUES AS OIL, EQUITIES REBOUND

MCX GOLD APRIL FUTURES DECLINED ON GLOBAL CUES AS OIL, EQUITIES REBOUND

Standard

MCX Gold April futures declined on global cues as oil, equities rebound
MCX Gold futures eased on Thursday as the oil markets and equity price rebounded from recent losses in the global marketplace, dampening the appeal of the precious metal.
At the Multi Commodity Exchange, Gold April futures contract was trading at Rs 27,235 down Rs 89, or 0.33 percent. Prices  touched an intraday session high of Rs 27315 and an intraday session low of Rs 27,204. While, MCX Gold February futures was trading at Rs 27,114 down Rs 77, or 0.28 percent.
Also on the Comex, gold futures February delivery declined $5.70, or 0.46%, to trade at $1,223.80 a troy ounce.
Oil resumed its move lower on Thursday, falling to $ 64 a barrel and sight of a minimum of five years, pressured by signs that already ample supply will become even more plentiful in 2015.
Market players shrugged off concerns about political instability in Greece and new restrictions on debt markets of China in front of a statement of key data from the ECB.
To contact the KheloMCX Advisory visit here. Or Free trial Advisory Visit KheloMCX.com.

Comments

Post a Comment

Popular posts from this blog

Mcx News With Khelomcx:- Mcx Gold dips on firmer dollar, profit-taking; focus on ECB outcome.

Image
Mcx News With Khelomcx:- Mcx Gold dips on firmerdollar, profit-taking; focus on ECB outcome . http://khelomcx.com/ Mcx Gold prices eased on Thursday as the US dollar hovered near multi-week highs, while some investors locked-in profits ahead of major central bank meetings this month.  The European Central Bank is meeting later in the day, followed by the US Federal Reserve next Tuesday-Wednesday.  Spot Mcx Gold was down 0.2 per cent at $1,422.80 per ounce, as of 0303 GMT. US gold futures were down 0.1 per cent at $1,422.90.  "From last three days, Mcx Gold prices have been range-bound. Some money managers are starting to shut some positions to prepare for the Fed meeting, and also the ECB decision coming out today," said Benjamin Lu, analyst, Phillip Futures.  "Before the key events happen, people like to take in some profits because nobody knows what is going to happen. Some might capitalise on volatility to push prices slightly lower an...
Read more

Mcx Gold Rate Today: Mcx Gold futures hit record high on positive global cues .

Image
Mcx Gold Rate Today with Khelomcx: Mcx Gold futures hitrecord high on positive global cues . Mcx Gold futures inched up in early trade on Monday, taking support from positive global trends and amid brisk buying by jewellers in the spot McxCommodity market .  The government on Friday proposed to increase import duty on mcx gold to 12.5 per cent. The yellow metal and other precious metals could get expensive in the domestic market as a result of this. http://khelomcx.com/ For daily based free gold best and 90% accurate trading ideas on MCX and NCDEX get us on here:  http://khelomcx.com . Ahead of the Budget, India's gold imports declined by 3 per cent. The duty hike came at a time when the industry was demanding a cut in the custom levy. Mcx Gold tips provider in futures had hit a record high of Rs 35,100 in domestic market on Friday.  In global Mcx Commdity markets , gold prices steadied after hitting a one-week high in Friday’s se...
Read more

KheloMCX presents a guide for how to trade in mcx commodity market.

Image
KheloMCX presents a guide for how  to trade in  mcx commodity market . Beginners Guide How to Commodity Trading in India. Before invest or trading in a commodity market, you should gather as much information as possible about the market, as well as about the mechanics of investing in the commodities. You can get answer to such questions directly by contact to the  KheloMCX  advisory or learn commodity trading procedure step by step here. Step 1 :  Learn Commodity Trading Procedure . http://khelomcx.com v    Give a call and talk to  KehloMCX  market advisory about trading in commodity future.                                        v    We’ll give you clarification about Multi Commodity Exchange of India(MCX). v    MCX is an Indian electronic trading and settlement system with an international...
Read more