CAPITALSTARS MCX COMMODITY GOLD NEWS UPDATE : :17 OCTOBER 2019
Precious Metals Preview: Gold Carves Out Modest Gains
COMEX
Gold stayed weak on worries over Indian demand despite a tentative recovery in
US session on weak equities. COMEX Gold futures are currently trading flat at
$1491 per ounce. India's Gold imports tanked 51.42% to Rs 9099 crore while
Silver imports also fell 48% to Rs 1102 crore in September 2019. MCX Gold
futures broke above Rs 38000 per 10 grams and closed at Rs 38219 per 10 grams,
up 0.50% on the day. Traders are anxious about the retail demand ahead of
Diwali. The US dollar index slipped sharply yesterday and currently lingers at
its one month low around 98 level. This weakness in the dollar can support Gold
though broad selling pressure in commodities can cap losses.
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