Monday, 12 October 2015

Today Commodity Market News and Updates

Spot Gold prices are trading higher today trading at $1155.56 per ounce while MCX gold prices are trading higher by 0.81 percent at Rs.26659 per 10 gms. Gold rose to a three-week high on Friday after minutes from the Federal Reserve's last policy meeting showed the U.S. central bank was in no hurry to raise interest rates.

Zinc surged 10 percent on Friday and other base metals soared after commodities giant Glencore said it would slash its zinc output by a third, sparking a short covering rally across the board.

Copper prices on the LME rose by 4 percent and trading at $5341 per tone, while MCX copper prices rose by around 3.1 percent toclose at Rs.350.40 per kg.

Oil prices are trading higher by 2.1 percent at $50.47 per barrel, while, MCX oil prices are trading higher by around 1.6 percent trading at Rs.3271 per barrel.

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