Mcx Bullion Tips; Gold Commodity Market News

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. =====================================================

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Indian Mcx Market Tips; Today Commodity Gold News

Gold comes off four-month low; Fed outcome eyed :-
Gold prices edged higher in Asia on Wednesday as investors tread carefully ahead of a Federal Reserve review of monetary policy that may signal a rate rise ahead. On the Comex division of the New York Mercantile Exchange, gold prices for April delivery edged up 0.07% to $1,149.00 a troy ounce.
Prices for silver futures fell 0.26% to $15.537 a troy ounce. Copper futures, meanwhile, also dropped 0.033 or 1.23% to 2.635 a pound. Overnight, gold plummeted to $1,141.60 early in U.S. morning trading, its lowest level since early-November, before moving up to near $1,160 in less than an hour.

Gold hovered near its lowest level in more than four months on Wednesday ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in U.S. interest rates.While the U.S. economy has been strengthening as evidenced by a firming labour market, the housing sector remained weak.

Gold edged up on Wednesday after hitting a more than four-month low in the previous session, while traders remained cautious ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in US interest rates. U.S. gold was steady at $1,149.50 an ounce. =====================================================

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Mcx Trading Tips; Gold futures advance on firm global cues

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Today in Mcx Market Gold prices rose 0.45 per cent to Rs 26,434 per 10 grams in futures trade as speculators created fresh positions after the precious metal climbed in global markets. At the Multi Commodity Exchange, gold for delivery in June was up by Rs 119, or 0.45 per cent, to Rs 26,434 per 10 grams in a business turnover of four lots.
The metal for delivery in April moved up by Rs 99, or 0.38 per cent, to Rs 26,222 per 10 grams in a turnover of 325 lots. Meanwhile, gold rose by 0.4 per cent to $1,209.79 an ounce in Singapore.Gold prices were little changed on Friday, as markets eyed the release of U.S. fourth quarter economic growth data later in the day, after a batch of disappointing reports on Thursday dampened optimism over the country's recovery.
Crude Oil finished the month of February above $49 a barrel, marking the first monthly gain since last June when oil prices began a prolonged slide. On the New York Mercantile Exchange, WTI crude oil for April delivery rose 2.65% or 1.27 points to $49.45 a barrel. The sharp increased continued the trend of volatile price fluctuations, as prices have wavered dramatically over the last several weeks.