Author: MCX India

Gold gains on US-China tensions; markets eye Fed minutes

Gold prices firmed on Wednesday as trade and political tensions ratcheted up between United States and China, while investors awaited minutes from the US Federal Reserve’s October meeting. Spot gold rose 0.2 per cent to $ 1,475.63 per ounce by 0742 GMT. US gold futures were unchanged at $ 1,474.00 per ounce. US President Donald […]

Oil prices extend losses on supply, trade war fears

LONDON: Oil prices slipped for a third day on Wednesday as a surge in US stocks reinforced concerns about lacklustre global economic growth, while hopes ebbed for any movement on the US-China trade war. West Texas Intermediate crude futures erased early gains to trade down 17 cents, or 0.31 per cent, at $ 55.04 a […]

Crude oil futures slip Rs 29 to Rs 3,972 per barrel

Crude oil futures on Wednesday fell by Rs 29 to Rs 3,972 per barrel after participants reduced positions tracking a subdued trend in global markets. On the Multi Commodity Exchange, crude oil for delivery in December dropped by Rs 29, or 0.72 per cent, to Rs 3,972 per barrel with a business volume of 24,415 […]

Indian Rupee: Pares Early Day Losses Amid Positive Local Equities

The Indian rupee fell further against the dollar in early trades on Wednesday, 20 November 2019 alongside other regional peers as US-China trade deal concerns weighed on the investor community. If we dont make a deal with China, Ill just raise the tariffs even higher, Donald Trump reportedly said. Moreover, sustained foreign fund outflows and […]

Oil prices steady after two-day drop as growth concerns weigh

SINGAPORE: Oil prices were steady on Wednesday, after falling the past two days, as a surge in US stockpiles reinforced concerns about lacklustre global economic growth amid the trade war between the United States and China, the world’s two biggest oil consumers. West Texas Intermediate (WTI) crude futures rose 11 cents, or 0.2 per cent, […]

Gains In Rupee Weigh On MCX Copper

COMEX Copper edged up from four weeks low on bargain buying. The COMEX Copper futures are currently trading at $ 2.63 per pound, up 0.46% on the day. MCX Copper futures are trading at Rs 436.45 per kg, almost unchanged on the day. Domestic copper saw a muted action as the Indian Rupee gained today. […]