Bullion Mcx Tips; Indian Commodity Market Updates

Gold extended gains to a seventh session on Thursday in its longest winning streak since 2012 as soft U.S. data boosted expectations the Federal Reserve would keep interest rates low for the time being. Spot gold rose 0.3 percent to $1,199.30 an ounce by 0306 GMT. Earlier in the session, it hit $1,200.10, its highest since March 6. The seventh day of gains matches a similar stretch in August 2012.
Gold prices rose by Rs 100 to Rs 26,550 per 10 grams at the bullion market today on increased buying by jewelers and retailers amid a firm global trend. Silver also moved up by Rs 200 to Rs 37,800 per kg on increased off take by industrial units and coin makers.
Crude oil prices rebounded in Asia on Thursday with events in Yemen offering fresh support as Saudi Arabia and allies bomb Houthi rebel positions and President Abdrabbuh Mansour Hadi hangs onto power.On the New York Mercantile Exchange, WTI crude for May delivery rose 0.99% to $49.70 a barrel.
MCX Copper April expiry contract closed unchanged on Tuesday. Prices lost ground inching closer to Rs 390 which proved a crucial resistance of last week. Copper ended the day at Rs 387.15 per kg on 25 March 2015 against 387.75 per kg on 24 March 2015. Gains are expected to get resisted at Rs 392-393 per kg today. Meanwhile support for Copper is at Rs 385 per kg.

Get Latest Trends and Updates of Mcx Trading Tips & Commodity Market with our excellent services in accordance with the comfort levels of all traders and investors in stock market. For more details please visit www.capitalheight.com/bullion-premium.php or please call our 24/7 Customer Care Support us at +91 9993066624, 0731-6615050

Today Bullion Market Tips; Latest Mcx Gold News

Gold retained gains from a three-day rally on Monday to trade near its highest in two weeks, boosted by a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in US interest rates. Spot gold was little changed at $1,181.71 an ounce by 0331 GMT. It climbed to $1,187.80 on Friday, its highest since March 6, as the dollar tumbled.
Gold futures reach two-week high: - Gold futures edged up on Monday reaching two-week highs, amid modest gains from the euro against the U.S. dollar. Gold futures traded at a daily low of $1,178.60 in U.S. morning trading. Gold futures likely earned support at 1,148.20 the low from March 17 and resistance at 1,196.20 the high from March 5.
Crude oil futures soared on Monday, as the euro continued its steady rally against the dollar upon expectations of an interest rate hike by the Federal Reserve at some point this year. On the New York Mercantile Exchange, WTI crude for May delivery rose 0.82 or 1.72% to $47.37 a barrel. Last Friday, futures for April delivery surged roughly 5% as speculative oil traders used the weakening dollar to hedge their positions in crude.
MCX Copper April expiry contract recovered on the back of some bottom fishing. The prices gained for the third straight day in a row. The closure for the Copper was at Rs 386.2 per kg. However it is critical to note that Copper is in a rising wedge pattern. The prices have been in a rising wedge pattern and that means that is the bearish indicator for prices to fall further in coming days.

Take a Free Trial of our MCX Bullion Tips and Commodity Tips and gain sustainable profits in MCX and Commodity Market. For 2 Days Free Trial, please visit our site at www.capitalheight.com/bullion-premium.php or Call at 0731-6615050.

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

Get Latest Trends and Updates of Mcx Tips & Commodity Market with our excellent services in accordance with the comfort levels of all traders and investors in stock market. For more details please visit www.capitalheight.com/bullion-premium.php or please call our 24/7 Customer Care Support us at +91 9993066624, 0731-6615050.