Market Update

Market Watch

Wednesday, 9 July 2014

Live Mid-Day Mcx Tips Updates for Bullion Market Trading

Gold and silver futures were higher on Wednesday, as investors looked ahead to the release of the minutes of the Federal Reserve’s June policy meeting later in the day. Silver for September delivery was up 0.37% at $21.090 a troy ounce. Gold for August delivery rose to a session high of $1,327.00 a troy ounce, the most since July 3, before trimming gains to last trade at $1,324.00 during European morning hours, up 0.57%, or $7.50.
Gold ended Tuesday’s session down 0.04%, or 50 cents, to settle at $1,316.50. Futures were likely to find support at $1,309.40, the low from July 3 and resistance at $1,334.90, the high from July 1.Also on the Comex, silver for September delivery tacked on 0.69%, or 14.5 cents, to trade at $21.15 a troy ounce.
Crude oil for delivery in August dipped 0.01%, or 1 cent, to trade at $103.39 a barrel during European morning hours. Futures held in a tight range between $103.30 and $103.59 a barrel.U.S. oil futures fell to $103.01 a barrel on Tuesday, the lowest since June 9, before trimming losses to settle at $103.40, down 0.13%, or 13 cents.
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1 comment:

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