Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold Silver Reports ~ Energy Transfer Equity (ETE) said on Wednesday that it has no plans to sell its controlling interest in Sunoco LP (SUN.N) even though it has received many queries from potential buyers since acquiring the gas station and convenience store operator in 2012.
Gold Silver Reports ~ Gold rallies, Gold rallied 2% to $1,263 an ounce on Wednesday, turning higher after the Federal Reserve indicated that the United States continues to face risks from an uncertain global economy, pressuring the dollar.
Gold Silver Reports ~ European markets are trading higher today owing to less than expected gain in oil stocks. Asian markets are trading mixed and the US stock futures are trading in the green.
Gold Silver Reports ~ Crude MCX settled down -1.72% at 2457 extending losses as a monthly report from OPEC provided further signals of a widening gap between supply and demand on energy markets worldwide.
Gold Silver Reports ~ Copper MCX settled up 0.3% at 335.50 ended flat on Tuesday as a weaker dollar balanced persistent concerns over demand in top metals consumer China and uncertainty ahead of the U.S. Federal Reserve’s policy meeting.
Gold Silver Reports ~ Ongoing strike by Indian gold traders was reported to be helpful for the reduction of gold imports thereby enabling the government to narrow down⇓ the Current Account Deficit-(CAD). However, new reports suggest that the jewellers’ strike may dent India’s exports this month.
Gold Silver Reports ~ Another volatile week for commodities went by with Precious Metals closing unchanged from the week earlier.