End Session
Prev Next
As on Mar 20, 2019 12:00 AM Your results on : End Session    
Gold Mixed Ahead Of Fed, Dollar Under Stress
20-Mar-2019 (17:54)

COMEX Gold futures saw mixed movement in thin trades today as the markets focused on the FOMC meeting. The FOMC is expected to confirm market expectations that the Federal Reserve (Fed) will remain on hold for the rest of the year, according to a latest update from the World Gold Council (WGC). This will likely influence gold’s performance. The WGC noted that historical analysis showed that when the Fed has shifted from a tightening to a neutral stance, gold prices have increased, even if this effect has not always been immediate. The combination of rangebound US interest rates, a slowdown in the appreciation of the US dollar and continued market risks will continue to make gold attractive to investors.

The WGC believes that the 20 March FOMC meeting, which will include the Fed’s projections report, will provide more clarity about their monetary policy expectations which, in turn, will offer further guidance about gold’s performance this year. Current bond prices reflected by the market, which tend to accurately include interim cues from the Fed, are signaling that the Fed will most likely be on hold during 2019 – and has a chance of a cut (15%) for the first time in several years.

The US dollar is under pressure ahead of the FOMC meet. The dollar index tested three week low near 95.70 yesterday and currently quotes flat at 95.86. COMEX Gold currently trades flat at $1306 per ounce. MCX Gold futures are trading at Rs 31816 per 10 grams, down 0.45% on the day as the slide under Rs 32K stayed in place. The counter tested a low of Rs 31725 per 10 grams before witnessing a recovery.

Powered by Commodity Insights

Gold Extends Gains As Dollar Slides To Three Week Low
19-Mar-2019 (19:07)
Economic Buzz: German ZEW Investor Confidence Spikes To Highest In A Year
19-Mar-2019 (18:47)
Commodities Buzz: India's Fuel Product Consumption Rises 3.2% In This Fiscal
19-Mar-2019 (17:25)
MCX Gold Falls Near Rs 31550 Per 10 Grams
18-Mar-2019 (18:27)
Agri Buzz: INR Strength Turning Critical For Pepper Market
18-Mar-2019 (18:18)
Economic Buzz: Eurozone Trade Surplus Decreases In January
18-Mar-2019 (18:14)
Weekly Silver Review: MCX Futures Off Three Month Low
16-Mar-2019 (16:29)
Weekly Copper Review: MCX Futures Ease Under Rs 450 Per Kg
16-Mar-2019 (16:12)
Weekly Crude Oil Review: WTI Soars Near Four Month High
16-Mar-2019 (16:07)
Weekly Gold Review: Strength In INR Weighs On Local Futures
16-Mar-2019 (16:05)
Commodities Buzz: Domestic Gold Imports Drop Nearly 11% In February
16-Mar-2019 (12:52)
Agri Buzz: Concerted Efforts Required To Push Away Agrarian Distress Says Vice President
15-Mar-2019 (18:43)
Natural Gas Slides Near Three Week Low On MCX
15-Mar-2019 (18:42)
Connect with us :   
About us
Our Services
Core Values
Investor Relations
Product & Services
Institutional Broking
Clearing Services
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
NSDL e-KYC Signer Application
Back Office
Back Office
KYC/KDC Status
Mutual Fund
RMS Policy
Download Forms
Useful Links
Exchange Holidays
Anti-Money Laundering Policy
Policies, Procedures, Rights, Obligations and RDD

Funds Payout Policy

Shortages Obligation Arising Out Of Internal Netting of Trades

Policies of Globe Commodities Limited
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances pleae write to / (For Trading) (For DP) (For PMS) (For Commodities)
Equity SEBI Registration No INZ000177137. Exchange Registration Nos NSE : TM No. - 06637, Clearing No.- M50302 | BSE : Clearing No.- 3179 | MSEI : TM Code-1004, Clearing Member Code- 4 | SEBI Registration for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | SEBI Research Analysts Registration No. INH100001187 | SEBI PMS Registration No. INP00000236
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by C-MOTS Infotech (ISO 9001:2015 Certified) Privacy Policy Disclaimer Terms and Conditions