Monday, 23 June 2014
Today Mcx Market Tips Live Updates by CapitalHeight
Gold eased further from a two-month high on Monday on stronger equities and sluggish physical appetite, even as safe-haven demand from escalating violence in Iraq kept the metal above USD 1,300 an ounce. Spot gold had eased 0.2 percent to USD 1,311.70 an ounce by 0158 GMT. The metal, which posted its best week in three months on Friday, rose to a two-month high of USD 1,321.90 in the previous session, although it closed down 0.5 percent.
Crude oil prices gained in early trade Monday in Asia as events in Iraq show continued battles between Sunni militants and govern met forces in cities close to the capital Baghdad. Crude oil for delivery in August traded at $107.15 a barrel, up 0.29%, after closing trade last week at $106.83, up 0.74%..
U.S. natural gas futures fell to a more than one-week low on Friday, as weather forecasts calling for a break in a heat wave pushed down prices. Natural gas for delivery in July hit a session low of $4.516 per million British thermal units, the weakest level since June 11, before settling at $4.531 by close of trade, down 1.16%, or 5.3 cents. Nymex natural gas prices lost 4.38%, or 20.8 cents on the week, the first weekly decline in four weeks.
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