CAPITALSTARS MCX COMMODITY GOLD NEWS UPDATE : :07 OCTOBER 2019
Precious Metals Preview: COMEX Gold Eases From One Week Top
COMEX
Gold futures slipped from one week high as US stocks saw an impressive surge as
weak jobs data spurred hopes of a further decline in interest rates. The DOW
jumped 1.4 as a recovery from one month low extended. The yellow metal ended
down 0.23% at Rs 1510 per ounce. MCX Gold futures closed at Rs 38305 per 10
grams, down 0.26% in the last session after breaking above Rs 38K earlier in the
week. There is some nervousness in local markets over the sliding pace of Gold
imports.
The
US stocks jumped after US non-farm payroll employment rose by 136,000 jobs in
September. The increases in employment in July and August were upwardly revised
to 166,000 jobs and 168,000 jobs, respectively, reflecting the addition of
45,000 more jobs than previously reported. The average monthly job growth has
still slowed from 223,000 jobs per month in 2018 to 161,000 jobs per month so
far in 2019.
Visit My Website: https://bit.ly/1h8KZUM
CAPITALSTARS CALL US: 9977499927
Equity Tips, Intraday Stock Tips, FreeTrading Tips, Sebi Registered advisory
Capitalstars Financial Research Private Limited is a research house and an investment advisory group.
No comments:
Post a Comment