Friday, 17 July 2015

Daily Free Best Commodity Market Trading Tips

On Thursday, spot gold prices hovered near its lowest level since March and declined by 0.4 percent to close at $1144.7 per ounce. Federal Reserve Chair Janet Yellen reiterated that a U.S. interest rate increase is likely this year, buoying the dollar at bullion's expense.

On the MCX, gold prices declined by 0.3 percent to close at Rs.25771 per 10 gms.

Spot silver prices declined by 0.8 percent on Thursday to close at $15 per ounce. The fall in silver prices is in line with declining gold prices and the strengthening dollar index.

On the MCX, silver prices lost its value by 0.57 percent to close at Rs.32582/kg.

Crude Oil
On Thursday, WTI oil prices declined by 1 percent while Brent oil prices rose by 0.8 percent after a power outage shut production at Britain's largest oilfield and as the August contract approached expiration.

On the MCX, oil prices declined by 1 percent to close at Rs.3255 per barrel. 

Natural gas
NYMEX natural gas prices declined by 1.62 percent on Thursday to close at $2.85/ MMbtu while MCX gas prices also lost its value by 2.1 percent to close at Rs.181.40
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