Monday, 16 June 2014
Free Mcx Tips with Morning Stock Market Updates
Today in MCX markets Gold hit its highest in nearly three weeks on Monday, as turmoil in Iraq supported the metal's safe-haven appeal, while platinum group metals gained ahead of the outcome of wage talks to end a five-month long strike in South African mines.
Spot gold rose 0.4 percent to $1,281.00 an ounce by 0318 GMT, after hitting $1,282.60 earlier in the session. Among other precious metals, platinum and palladium gained about 1 percent each on Monday after logging sharp declines last week on easing supply worries.
The NYMEX Crude Oil for the July delivery closed up by nearly 4% at $106.75 per barrel, off the high $107.67 per barrel. The domestic crude oil prices rose to almost three months high tracking the gains in NYMEX amid weak local currency. MCX Crude June delivery settled with weekly gain of 5.65% at Rs 6399 per barrel.
Trafigura, the third-largest oil trader after Swiss rivals Vitol and Glencore, posted a profit of $469.7 million in the six months to March this year.
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