Gold hovers near two-week high,set for weekly gain :-
Gold prices
recovered by Rs 293 to Rs 25,930 per 10 grams in futures trade today as
participants created fresh positions after the precious metal recovered from
three-month lows. At the Multi Commodity Exchange, gold for delivery in April
rose by Rs 293, or 1.14 per cent, to Rs 25,930 per 10 grams in a business
turnover of 1,132 lots. The metal for delivery in June moved up by Rs 273, or
1.06 per cent, to Rs 26,038 per 10 grams in a turnover of 35 lots.
Demand Worries Cap Gold After Latest Jump :-
A strong wave of buying lifted the metal from these levels though the counter failed to hold on above $1170 per ounce mark today. The COMEX Gold futures are quoting at $1160 per ounce, still up $9 per ounce on the day though the intraday moves have seen the metal drop by more than 10 dollars.
Brent climbs towards $55 on weaker dollar :-
Crude oil prices rebounded slightly in Asia on Friday as investors awaited an industry rig count estimate in the U.S. On the New York Mercantile Exchange, WTI crude for April delivery rose 0.43% to 45.73 a barrel ahead of Friday's Weekly Rig Count report from oil services firm Baker Hughes. =====================================================
Demand Worries Cap Gold After Latest Jump :-
A strong wave of buying lifted the metal from these levels though the counter failed to hold on above $1170 per ounce mark today. The COMEX Gold futures are quoting at $1160 per ounce, still up $9 per ounce on the day though the intraday moves have seen the metal drop by more than 10 dollars.
Brent climbs towards $55 on weaker dollar :-
Crude oil prices rebounded slightly in Asia on Friday as investors awaited an industry rig count estimate in the U.S. On the New York Mercantile Exchange, WTI crude for April delivery rose 0.43% to 45.73 a barrel ahead of Friday's Weekly Rig Count report from oil services firm Baker Hughes. =====================================================
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