Multi Commodity Exchange

December 30, 2024 3:31 PM

Mixed Fortunes for Commodities in 2025: Gold Bull Run to continue amidst energy and agricultural volatility

The gold market thrived throughout 2024, delivering substantial gains for investors in the yellow metal. It is anticipated that this precious metal will continue to shine as we move into the new year. Publicly available data shows that gold yielded approximately 27 per cent returns in 2024. In a recent report, MUFG Bank, Japan's largest bank and one of the world's largest, asserted that the bull run in gold will persist through 2025. The report attributes this to two key factors: hedging again...

Gold prices hit record high of ₹76,899 per 10 grams amid global tensions and rate cut speculation

Gold prices in India surged to an all-time high on Thursday, with the Multi Commodity Exchange (MCX) recording a peak of ₹76,899 per 10 grams, driven by global uncertainties and speculation over potential Federal Reserve rate cuts. Analysts attribute the historic rise to a mix of dovish stances from central banks, falling bond yields, and intensifying geopolitical tensions. Ajay Kedia, Director of Kedia Advisory, explained the driving forces behind the gold rally. "MCX gold reached this unpr...