Market Update

Market Watch

Monday, 8 February 2016

MCX Bullion Trading Strategy With Live Market

  • Spot gold stepped back on Monday from near a three-month top hit the session before, after a U.S. jobs report cast some doubt over prospects for a quicker pace of rate hikes this year and pushed up the dollar.
  • Spot gold had slipped by 0.7 percent to $1,165.10 an ounce by 0008 GMT, as it fell back from its highest since Oct. 28 at $1,174.50 hit in the previous session.
  • Across other metals, platinum shed 0.2 percent to $904.24, while palladium held 0.4-percent gains at $501.30 an ounce.
  • Global stock markets slumped and the U.S. dollar rallied on Friday.
  • The market has opened flat on Monday. The Sensex is down 11.57 points or at 24605.40 and the Nifty is down 5.30 points at 7483.80. About 527 shares have advanced, 293 shares declined, and 44 shares are unchanged.

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