Market Update

Market Watch

Thursday, 5 June 2014

Afternoon Highlights of MCX Market

Gold was little changed near a four-month low on Thursday but faced a risk of more losses if the European Central Bank (ECB) meets expectations to cut rates, a move that could strengthen the dollar and hurt bullion.
The Brent oil contract fell 0.4% to $108.40 a barrel on the ICE Futures Europe exchange, its fourth consecutive losing session.
Nickel in London was little changed at $19,015 a ton. Production at Vale SA’s plant in New Caledonia is set to resume within 10 days after the company received government permission to restart operations.
Copper traded near a three-week low as investors weighed shrinking stockpiles against reports of a probe of metals warehousing at a Chinese port. 

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