MCX Gold settled down 0.28% at 38971 on profit booking after prices gained as the dollar dipped and U.S. military strikes in the Middle East drove investors towards the safe-haven metal.
MCX Natural Gas (NG) JACKPOT Tips Buy CMP 157.60 Target Open – Neal Bhai
Natural Gas (NG) surged as weather forecasts turned cooler which could boost heating demand, and on short-covering.
Fed Monetary Policy VIEW ON 2019 RATE CUTS AND 2020 OUTLOOK
2020 VOTING CHANGES
The new year will see four regional Fed Presidents rotate into voting spots in January. In turn, this will see Mester (Hawk), Kashkari (Dove), Kaplan (Neutral) and Harker (Neutral) replace Bullard (dove), Evans (Neutral), Rosengren (Hawk, Dissenter) and George (Hawk, Dissenter), making for a slightly more dovish FOMC committee.
India’s Rabi Acreage to go up by 6.6% to 572 Lakh Hectares (lh) this week
India’s rabi acreage to go up by 6.6% to 572 lakh hectares (lh) this week over the corresponding week last year, according to rabi sowing data released by the Agriculture Ministry.
Spot Gold Investor Near $1512 Following Christmas Rally
The XAU/USD pair rose sharply ahead of the Christmas holiday and extended its rally two days later when investors returned on Thursday. After touching its highest level since early November at $1514 on Friday, however, the pair lost its momentum and was last seen trading flat on the day near $1513.
Currencies May See Wild Swings if Slow Growth Breaks CLO Market
The IMF, central banks and politicians have warned about the proliferation of collateralized loan obligations (CLOs) and the threat they pose to the global financial system. Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in this fragile market.
Gold Investors Raised Their Long Positions by 8%
Investors raised their long positions by 8%, while shorts were cut by 12%. In turn, gold prices have remained firm, rising above the December 4th and December 12th highs, despite a plethora of factors which would typically weigh on the precious metal, including equity markets rising to fresh record highs and progress in the US-China trade war talks.