Market Update

Market Watch

Wednesday, 9 July 2014

Mcx Bullion Tips Live Market Updates by CapitalHeight

Gold prices gained in Asia on Wednesday as investors continued to see bargains ahead of U.S. Federal Reserve minutes. Gold prices moved up marginally, snapping a five-session downtrend at the bullion market here on renewed local buying interest amid investment off-take. Industrial metal, silver, also rebounded sharply following heavy speculative demand.
Brent crude fell below USD 109 a barrel on Wednesday as Libya restarted an oilfield; on track to drop for an eighth session in what would be its longest losing streak in over four years. Easing worries over possible disruptions to supply from the conflict in Iraq also dragged on prices. August Brent crude had declined 12 cents to USD 108.82 a barrel by 0318 GMT, down nearly 6 percent from a nine-month high reached in June. 

Natural gas futures fell on Tuesday after updated weather-forecasting models called for below-normal temperatures over portions of the eastern U.S., which could prompt households to throttle back on their air conditioning. Natural gas futures for delivery in August traded at $4.139 per million British thermal units during U.S. trading, down 2.05%. The commodity hit a session high of $4.233 and a low of $4.131.
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