Gold broke below the key psychological level of $1,300 an ounce on Thursday as safe-haven demand for the metal eased due to rising Asian equities and strong Chinese manufacturing data. Physical demand in the region, however, increased slightly on the lower prices, with premiums in the biggest bullion consumer China edging up on buying interest.
Natural gas rose on Thursday, coming up off 8-month lows after investors priced in unseasonably mild temperatures in the eastern half of the U.S. and bet that hotter temperatures will return and hike demand for air conditioning. Natural gas futures were likely to find support at $3.741 per million British thermal units, the low from Nov. 26, 2013, and resistance at $3.893, Monday's high.
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ReplyDeleteIndian stocks on Thursday swung between gains and losses around the flat line till mid-afternoon trade, but buying in the latter part of the day helped indices to regain strength and Nifty ended above psychological 9,900 mark and the BSE Sensex closed above 31,700 mark.capitalstars
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