Market Update

Market Watch

Tuesday, 19 November 2013

News for Mcx Market Today 19-Nov-2013

•Gold and silver lost more than 1 percent
•U.S. Dollar Index slipped to the lowest level in 1 1/2 weeks
•Crude oil slide below 93$
•Copper futures fell for the first time in three sessions
•Aluminum, zinc, lead, tin and nickel also declined on LME

Gold was unable to recover on Tuesday from sharp losses incurred the previous day, with investors filled with uncertainty over when the US Federal Reserve would begin to taper its monetary stimulus, while physical demand for the metal remained weak.

Spot gold was unchanged at $1,273.91 an ounce at 0310 GMT, after dropping 1.2 per cent on Monday.Silver also declined for a second session, hitting a fresh three-month low on Tuesday as some Chinese speculators liquidated holdings.

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1 comment:

  1. Equity benchmarks started off the week on a negative note on Monday, weighed by banks after the S&P retained its India’s rating at BBB- and outlook stable.