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Friday, 17 October 2014

Get Mcx Tips by Capitalheight; Gold prices steady in early

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Gold held steady on Friday and was poised for a second straight week of gains as persistent fears over the health of the world economy took a toll on global equities and the dollar, bringing in safe-haven bids for the metal.Platinum and palladium were the biggest precious metal gainers of the day, recovering about 2 per cent from sharp overnight losses.
Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout. Global benchmark Brent has lost more than 28 percent since June on slow demand and abundant supply. Losses have accelerated in October on signals that the Organization of the Petroleum Exporting Countries has no plan to cut output.
Natural gas futures moved lower on Thursday on news of rising U.S. stockpiles, while forecasts for mild fall weather also pressured the commodity lower, though bottom fishing brought prices up from earlier lows. On the New York Mercantile Exchange, natural gas futures for delivery in November were down 0.12% at $3.796 per million British thermal units during U.S. trading. The commodity hit a session low of $3.750, and a high of $3.832.

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