Friday, 24 July 2015

Daily Commodity Market Trading News and Tips

Gold futures are expected to extend its negativism during the day as its appeal as safe haven among investors has been decelerating. US Jobless Claims fell to lowest levels in four decades. Further, host of economic events are prompting US Fed to think on raising interest rates in the current year.

Gold Spread movement: The calendar spread of Comex gold continued to slide and now standing at 0.3 levels. Indian MCX Spread for Aug-Oct stands at 217 levels.


Silver futures are expected to trade on a negative noted during the day moving in line with gold market. Weakness in base metals segment is also likely to weigh on the market. The gold silver ratio is moving in a band of 73.50 to 74.50 levels.

As on Friday morning, Comex silver futures made an intraday low of $14.43 per ounce.

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