MCX Copper Tips For Today: Real Time MCX Copper Forecast for Today: Free Copper Trading Tips, MCX Copper Intraday Calls, Copper Price, Copper Market Commodity Trading Tips.
Silver price today: Silver Rises
Silver prices (White Metal) rose on Monday, according to data. Silver trades at $29.77 per troy ounce, up 0.53% from the $29.61 it cost on Friday.
Federal Reserve set to cut interest rates
The US Federal Reserve (Fed) will announce monetary policy decisions following the December policy meeting on Wednesday. Alongside the policy statement, the US central bank will publish the revised Summary of Economic Projections (SEP), also known as the dot plot.
Zambia’s Mopani Copper Mines Extends Smelter Closure
Mopani Copper Mines, Zambia’s third-largest copper producer, expects its main copper smelter to remain shut until the end of February 2025, Chief Executive Charles Sakanya said.
Jerome Powell-led FOMC meeting begins today
The US Federal Reserve began its deliberations for the latest monetary policy decisions today, December 17, and will announce its new benchmark interest rate decision on Wednesday, December 18. The US central bank will conduct its two-day Federal Open Market Committee (FOMC) meeting amid analysts’ expectations of another quarter-point rate cut for the second straight time.
Gold Tips Today [18-12-2024]: Bullion prices fall this week so far
Gold Tips Today: gold and silver remains under pressure as gold February futures contracts at MCX extended losses on Wednesday, opening flat at Rs 76,852 per 10 gram, which is down by 0.02% or Rs 19 while silver March futures contracts were trading at Rs 90,700/kg, down by 0.19% or Rs 175.
Gold prices fall ahead of Fed meeting
Gold prices: “After a slight recovery at the beginning of the week, the price is falling further today. The main obstacle is the sharp rise in US bond yields, which is increasing the opportunity cost of holding gold. Behind this is the reduction in expectations for Fed interest rate cuts in the coming year.”