Wednesday, 20 July 2016

Free Online Commodity Trading Tips in India ; Gold futures decline by 0.20% on global cues

Oil futures rose in Asian trading on Wednesday but gains were limited and US crude traded sideways in advance of the release of official weekly inventory figures later in the day. Read more Live Commodity Gold/Silver Market News at: www.marketmagnify.com/freetrial.php or Get Free Trials Just Give One Missed Call @78-79-88-11-22.

Brent crude was up 18 cents at $46.84 a barrel. On Tuesday, the contract settled down 30 cents, or 0.6 per cent, at $46.66 barrel. US West Texas Intermediate (WTI) crude was up 4 cents at $44.69 a barrel, after initially trading higher then falling. It fell 59 cents, or 1.3 per cent, to settle at $44.65 in the previous session. The front-month August contract will expire at the end of Wednesday's session.  

Gold prices drifted lower by 0.20 percent to Rs 31,446 per 10 grams in futures trade today as participants reduced their exposures, triggered by a weak trend overseas. At Multi Commodity Exchange, gold for delivery in October fell by Rs 62 or 0.20 percent to Rs 31,446 per ten grams in business turnover of 107 lots. The metal for delivery in August contracts traded lower by Rs 46 or 0.15 percent to Rs 31,048 per ten gram in 893 lots.

Silver on MCX settled down -0.3% at 47024 traded in the range settled near to 47000 mark barely budged staying well away from recent highs tracking firmness from Gold's safe haven appeal, which has been diminished now by rising stocks and easing concerns that the UK's Brexit will hurt the global economy.

1 comment:

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