Market Update

Market Watch

Friday, 20 June 2014

Live Morning Mcx Market Tips New Updates by CapitalHeight

Today in Mcx Market Brent crude hit a nine-month high of more than USD 115 a barrel on Thursday as the United States said it could send military advisers to Iraq, raising concerns about the escalating conflict. Brent rose 75 cents to USD 115.01 a barrel to settle at its highest since Sept. 9. It had reached a high of USD 115.71 earlier in the session. The US crude oil futures contract for July, which expires on Friday, rose 46 cents to settle at USD 106.43.
Gold prices gained in Asia on Friday as easy monetary policies globally and tension in the Middle East supported safe-haven demand. Gold futures for August delivery traded at $1,319.60 a troy ounce, up 0.42%, after hitting an overnight session low of $1,275.90 and off a high of $1,319.10. Silver for July delivery rose 0.83% at $20.820 a troy ounce. Copper futures for July delivery were down 0.04% at $3.074 a pound.
Natural gas futures fell on Friday after data revealed that U.S. inventories rose more than expected last week. Natural gas futures for delivery in July traded at $4.610 per million British thermal units during U.S. trading, down 1.06%. The commodity hit a session high of $4.700 and a low of $4.580. Natural gas futures were likely to find support at $4.504 per million British thermal units, the low from June 11.

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