Thursday, 31 July 2014
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Today Mcx Gold futures traded near a one-week low on Thursday, after the Federal Reserve tapered its monthly bond-buying program by another $10 billion and gave an upbeat assessment of the economy. Gold for December delivery fell to a session low of $1,292.90, the weakest level since July 24, before trimming losses to last trade at $1,296.40 during European morning hours, down 0.04%, or 50 cents.Also on the Comex, silver for September delivery tacked on 0.59%, or 12.1 cents, to trade at $20.71 a troy ounce. Elsewhere in metals trading, copper for September delivery dipped 0.04%, or 0.1 cents, to trade at $3.240 a pound.
West Texas Intermediate oil futures fell below the $100-level on Thursday, as concerns over U.S. demand for oil and fuel products like gasoline drove prices lower. Crude oil for delivery in September hit a session low of $99.18 a barrel, the weakest level since July 15, before trimming losses to last trade at $99.33 during European morning hours, down 0.94%, or 94 cents.
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