Tuesday, 26 July 2016

Live Indian Bullion Market ; Gold,Silver CrudeOil Updates

Gold was little changed on Tuesday, after falling in the past two sessions, as the dollar slipped and equities eased ahead of the US Federal Reserve meeting later in the day. Asian markets remained cautious with investors waiting for cues from the two-day Fed meet, sending the safe-haven yen higher. Get Latest Indian Commodity News in Gold Silver Crude Market Just Visit now at: www.marketmagnify.com/freetrial.php or For Free Trials Just Give One Missed Call @78-79-88-11-22.

Spot gold may retest a support at USD 1,313, a break below which could cause a loss to the next support at USD 1,298, Reuters technical analyst Wang Tao said. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.46 percent to 958.69 tonnes on Monday.

Among other precious metals, palladium slipped 0.1 percent to USD 683.80 after touching a nine-month high of USD 688 earlier in the day. Silver inched up 0.3 percent to USD 19.59, while platinum rose 0.2 percent to USD 1,080.15 an ounce.

Brent crude is still up more than 60 percent from a 12-year low near $27 in January, but the rally has petered out on signs that the supply glut will persist and as economic jitters raised concern about the strength of oil demand. Global benchmark Brent was trading at $44.49 a barrel at 0900 GMT, down 23 cents.

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