Monday, 2 November 2015

Daily Commodity Market News Provider

MCX gold prices is trading lower by 0.2 percent at Rs.26571 per 10 gms. Prices held near its lowest in three weeks on Friday and looked set to post its worst week in nearly two months on expectations that the Federal Reserve would raise U.S. interest rates this year. Bullion is down 1.3 percent for the week, the sharpest decline since the week ended Sept. 11.

LME Copper prices declined by 0.2 percent as data showed weaker U.S. economic growth, adding to concerns of weak demand following slowdown in China. MCX copper prices declined by 0.4 percent to close at Rs.342.25/kg.

MCX Oil prices are trading lower by 0.46 percent trading at Rs.3014 per barrel. Slow growth in the US economy has reinforced concerns about sluggish demand in a world awash with oil.

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