Thursday, 3 July 2014
Morning Mcx Market Trends Tips and Live Updates
In Mcx Market Gold slipped to trade below a three-month high on Thursday as investors awaited a string of key data releases later in the day to gauge the strength of the global economy and the fate of stimulus measures by central banks. Spot gold fell 0.3 percent to $1,323.55 an ounce by 0303 GMT. It hit a 3-month high of $1,332.10 hit earlier this week as tensions in Iraq and Ukraine stoked safe-haven demand.
Crude oil prices dipped early in Asia on Thursday with exports from Libya and relative quiet in Iraq keeping sentiment subdued. West Texas Intermediate crude oil for delivery in August traded at $104.16 a barrel, down 0.31%, after hitting an overnight session low of $104.58 a barrel and a high of $105.52 a barrel.
Natural gas futures for delivery in August traded at $4.352 per million British thermal units during U.S. trading, down 2.32%. The commodity hit a session high of $4.459 and a low of $4.348. Natural gas futures were likely to find support at $4.289 per million British thermal units, the low from May 18, and resistance at $4.608, Thursday's high.
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