Tuesday, 5 April 2016

Profitable Mcx Commodity Market News for Gold and Silver

Silver prices tumbled on Friday as the dollar recovered after the stronger than expected employment data from US. The prices ended at $15/ounce down 2.70% on COMEX while on MCX the day ended with losses of 2.26% with closing seen at Rs 35922/Kg. The gold- silver ration again jumped above 81 from sub 80 levels a day earlier.

                               Gold prices slipped on Friday after Nonfarm payrolls rose by 215,000 last month, higher than expectations of 205,000 suggesting that the US economy is on strong footing. The report supported the dollar that was trading near six month lows.

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