MCX Copper Tips

MCX Copper Daily Candlestick Chart Analysis CMP 822 (30-04-2025)

This is a daily candlestick chart of Copper futures on MCX (Multi Commodity Exchange) showing the price movement from August 2024 to April 2025. The price is currently at 824.30 INR per kg, down by 3.55% as of April 30, 2025. Let’s analyze the chart for potential buy/sell levels, targets and stop loss and determine whether to go long (buy) or short (sell).

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Gold and Silver Prices

Gold (XAUUSD) & Silver Price Forecast: Metals Hold Gains as Fed Cuts Loom and Dollar Slips

Gold prices (XAU/USD) remained firm above $3,300 during Thursday’s Asian session, supported byexpectations of monetary easing and a pullback inthe U.S. dollar. Although the broadermarket embraced a riskon tone amid renewed optimism over U.S.-China trade negotiations, gold maintained a modest bid, trading around $3,312 after trimming early session gains.

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Donald Trump levies reciprocal tariffs: Gold, silver bullion among top 50 exempt items. Full list here

US tariffs and strong US dollar may drag down industrial metals prices

“The US election has further complicated the outlook for the complex with a threat of tariffs on Chinese goods looming over the market. Industrial metals all fell after Trump on Monday denied a report that his team was planning weaker import tariffs than those announced during his presidential campaign. We believe that potential US tariffs and a stronger dollar could further depress industrial metals prices.”

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