Monday, 13 July 2015

Daily Free Best Commodity Market Trading Tips

Spot gold prices traded negative last week as a recovery in Chinese shares cooled fears of a wider rout in the major bullion consumer while strength in the U.S. dollar kept a lid on gains. The gold market was subdued after minutes from the U.S. Federal Reserve's last meeting, released on Wednesday, suggested caution towards a near-term increase in interest rates.

Last week, spot silver prices in the international markets traded lower in line with weakness in gold prices. Weakness in the base metals pack coupled with profit booking acted as a positive factor. Spot silver prices in the international markets declined by 0.51 percent and closed at $15.59/oz. On the MCX, silver prices declined by 0.18 percent and closed at Rs.35615/kg.

Last week, NYMEX crude oil prices declined by 7.36 percent and closed at Rs.52.74/bbl. On the MCX, crude prices declined by 5.37 percent and closed at Rs.3331/bbl.
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