In Mcx an ounce on Tuesday, although a strong dollar
and the first outflow in more than a week from the worlds top bullion fund weighed
on sentiment. Gold has recently been hurt by U.S. economic data as a strong
recovery could prompt the Federal Reserve to raise interest rates, diminishing
the appeal of non-interest bearing assets such as bullion.
Gold prices fell on Tuesday after investors ditched
safe-haven positions in the yellow metal and went long on U.S. stocks due to
earnings and jobs data. On the Comex division of the New York Mercantile
Exchange, gold futures for December delivery traded at 1,288.60 a troy ounce
during U.S. trading, down 0.48%, up from a session low of $1,287.10 and off a
high of $1,296.40.
Meanwhile, silver for September delivery was down 0.82% at
$20.203 a troy ounce, while copper futures for September delivery were up 1.02%
at $3.247 a pound. Crude oil for delivery in September traded up 0.33% at
$98.20 a barrel during U.S. trading. New York-traded oil futures hit a session
low of $97.44 a barrel and a high of $98.33 a barrel.
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