Friday, 8 April 2016

Profitable Mcx Commodity Market News for Gold and Silver

Spot gold prices are trading higher today by 1.25 percent at $1236/oz while MCX gold prices are trading higher by 1.3 percent at Rs.29016 per 10 gms. Gold ticked up on Thursday after minutes from the Federal Reserve's last policy meeting showed caution over U.S. interest rates and the dollar slumped to fresh 17-month lows against the yen.

Minutes from the Fed's March 15-16 policy meeting released on Wednesday showed policymakers debated whether an interest rate hike would be needed in April, although a consensus emerged that risks from a global economic slowdown warranted a cautious approach.

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