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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