Market Update

Market Watch

Thursday, 31 July 2014

Mcx Trading Tips Live Market Updates by CapitalHeight


In Mcx Gold held steady below $1,300 an ounce on Thursday, headed for its second monthly drop in three, as optimism over U.S. economic growth curbed safe-haven appetite for the metal. Gold set for second monthly drop in three  
* Prices weighed by stronger  than expected U.S. GDP 
* Coming up: U.S. Weekly jobless claims at 1230 GMT
Spot gold was flat at $1,294.45 an ounce by 0303 GMT,after dropping 0.3 percent in the previous session. It is headed for a 2.5 percent drop for the month.
MCX SILVERMIC August contract was trading at Rs 44288 up Rs 9, or 0.02 percent. The SILVERMIC rate touched an intraday high of Rs 44390 and an intraday low of Rs 44252. So far 8458 contracts have been traded. SILVERMIC prices have moved down Rs 5443, or 10.94 percent in the August series so far.
Natural gas futures fell on Wednesday after updated weather-forecasting models called for mild temperatures to stick around over the central and eastern U.S. in the coming days. Natural gas futures for delivery in September traded at $3.766 per million British thermal units during U.S. trading, down 1.53%. The commodity hit a session high of $3.829 and a low of $3.753.

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1 comment:

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