Tuesday, 16 February 2016

Daily Mcx Commodity Updates On Gold and Silver

Gold settled down -2.37% at 28690 dropped sharply on Monday on signs of growing appetite for riskier assets as Japanese stocks surged 7% and investors cashed in on recent strong gains for the metal. Last week marked a period of heavy buying for the precious metal, notably on Thursday as equity markets plunged and expectations grew that the Fed would delay another hike in interest rates.

Silver settled down -2.36% at 37088 surrendering it's last weeks gain where by silver climbed nearly 6% yesterday pulling further away from its highest in a year, as a rebound in stocks and profit-taking from China after the Lunar New Year weighed on the market. 

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