The Maharashtra Election on November 20th has caused MCX to alter the base metal index’s expiration date

The Multi Commodity Exchange (MCX), India’s largest commodity exchange, has revised the expiry date of its base metal index futures contract (MCXMETLDEX) due to the Maharashtra Legislative Assembly Election on November 20, 2024. Trading on MCX will only open for the evening session, and the contract will be available for trading until the revised expiry…

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Base metals prices are stable, gold and crude oil prices are rising, and traders are keeping a watch on US CPI and Fed meeting notes

The bullish trend in the bullion pack and crude oil persisted in the commodities market, while most base metal prices declined last week. The favorite asset class for investors at the moment is still yellow metal. Comex spot gold price soared to a brand-new 52-week high of $2032 per ounce, and for the week, the…

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