Multi-Commodity Exchange (MCX) will function from 09:00 hrs to 23:30 hrs for commodities, which is the previous trading hours, the exchange that controls more than 94 per cent of the trading volume, said in a statement.
Swiss Gold Exports to U.S. Rocketed Amid Fears of Shortages
Gold in New York vaults to deliver against futures contracts pushed prices on CME Group’s Comex exchange as much as 4% above spot prices in late March. Swiss exports of gold to the U.S surged to 43.2 tonnes in March, 2020.
Silver Break of Rising Trend Support – Neal Bhai
The US Dollar thrived against this backdrop. The most liquid form of cash available was a natural beneficiary as financing costs spiked and market participants divested portfolios to assure access to capital and reduce exposure to breakneck volatility. An about-face reversal was triggered as the Fed rushed out a series of back-to-back easing measures, reducing funding stress.
Crude Oil spirals below zero in devastating day for global industry
The move was so violent and shocking that many traders struggled to explain it. They grasped wildly at possible causes all day long — had some big firm got caught wrong-footed? Or were inexperienced retail investors flummoxed by a market quirk? — but had no tangible evidence of anything to point to.
Buy Copper MCX Apr at 404.50 —404 Target 406—408 Stop Loss Paid
Buy Copper MCX Tips Apr at 404.50 — 404 Target 406—408
🌟🌟🌟🌟🌟 China cut its benchmark one-year loan prime rate (LPR) by 20 basis points (bps) to 3.85%, while the five-year LPR was cut by 10 bps to 4.65%, in line with market expectations.
Beijing Pays the Price for the Slow Pace of Economic Reform
As the world’s largest nations send out helicopter money amounting to well more than 10% of their gross domestic product to fight the economic effects of the coronavirus pandemic, China, which just suffered its first economic contraction in two decades, is conspicuous for its stinginess.
Crude Oil Plunges Below Zero for First Time in Unprecedented Wipeout
The crude oil price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — minus $37.63 a barrel. The reason: with the pandemic bringing the economy to a standstill, there is so much unused oil sloshing around that American energy companies have run out of room to store it. And if there’s no place to put the oil, no one wants a crude contract that is about to come due.