Live Mcx Trading Tips; Gold prices dip in Asia

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Today Gold prices fell further in Asia on Thursday as prospects for a Federal Reserve hike in interest rates next year weighed on investors. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,218.00 a troy ounce, down 0.49%, after hitting an overnight session low of $1,228.40 and off a high of $1,239.90.

Overnight, gold prices fell as markets digested the Federal Reserve's September statement on monetary policy, with investors questioning the dovish degree of the language. The Federal Reserve said earlier it was leaving its benchmark interest rate unchanged at 0.00-0.25% and added it would likely close its monthly bond-buying program in October.
Brent crude dropped towards $98 per barrel on Thursday, pressured by a stronger dollar on fears about a looming US interest rate increase and a steep spike in US crude stocks. Poor demand and abundant supplies have pushed down the oil benchmark to a 26-month low earlier this week, and have kept it below $100 for more than a week.