Threat of Contagion in Emerging Markets Deepens Commodity Risk – Gold Silver Reports

Gold Silver Reports (GSR)  — When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The lira plunged to a record low against the dollar this month, taking local stocks and bonds with it. Commodity markets have failed to react, with even gold unmoved by the chaos. Traders are focused more on Iranian sanctions, South American mine strikes and drought damage to crops, all of which point to higher, not lower, raw-material prices.  

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Multi Commodity Exchange (MCX) INDIA

Multi Commodity Exchange MCX

Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is India’s largest commodity derivatives exchange where the clearance and settlements of the exchange happens and the turnover of the exchange for quarter ended December 2017 was 12.82 trillion rupees. MCX offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and a number of agricultural commodities (mentha oil, cardamom, crude palm oil, cotton and others).

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MCX Sees Record Turnover, Volumes in Gold Options

Gold Up But on Path for Longest Monthly Losing Streak in Two Decades - GSR

Gold Silver Reports (GSR) – MCX Sees Record Turnover, Volumes in Gold Options — Multi Commodity Exchange of India Ltd (MCX) witnessed a record turnover and volume of Rs 2,021 crore and 6443 kilograms (kg) respectively on Tuesday in gold options contract, according to a release issued by the exchange. 

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