Money Market Guru – Gold Holds Around $1300 As North Korea Concerns Resurface – COMEX Gold stayed supported around its three week low as global geopolitical worries resurfaced yet again to haunt the markets. Media reports stated that North Korea could consider testing a hydrogen bomb over the Pacific Ocean in retaliation to US President Donald Trumps recent threats to destroy the country. This hurt equities in Asia and COMEX Gold managed to stay afloat after hefty losses this week. The metal is currently trading at $1300 per ounce, up 0.40% on the day. MCX Gold futures are trading at Rs 29608 per 10 grams, up 0.15% on the day.
Gold Silver Reports — How Markets Are Reacting to the Fed Policy Meeting | The Federal Reserve wrapped up a two-day meeting today by finally giving a timetable for when policy makers will start shrinking its $4.5 trillion stockpile of assets and reiterating that it anticipates one more interest-rate increase this year.
Gold Silver Reports — North Korea Launched Missile Over Japan Into Pacific Ocean — North Korea fired its second missile over Japan in as many months, a fresh provocation that comes shortly after the United Nations approved harsher sanctions against Kim Jong Un’s regime.
कमोडिटी एक्सचेंज एमसीएक्स ने कल हुई गडबड़ी पर सफाई दी है। एमसीएक्स पर कल शाम को करीब 45 मिनट तक कारोबार ठप रहा। दरअसल तकनीकी गड़बड़ी की वजह से एक्सचेंज को ट्रेडिंग रोकनी पड़ी थी। ऐसे में कई कारोबारियों के सौदे फंस गए थे।
Money Market Guru — India plans to finalize trading specifications for the country’s new spot gold exchange in November amid a push to improve transparency in the world’s second-biggest bullion market, people familiar with the matter said.