Best Mcx Commodity Tips Provider in India. Gold held losses from a two-day decline on Tuesday on worries the Federal Reserve will hike U.S. interest rates earlier than market expectations and on outflows from bullion-backed exchange traded funds.
*Spot gold was little changed at $1,215.55 an ounce by 2345 GMT, after dropping 1.4 percent in the past two sessions. * Gold had posted its biggest quarterly rise in nearly 30 years in the March quarter, rallying 16 percent as expectations faded that the Fed would move to normalise interest rates due to concerns over the global economy. The U.S. central bank raised rates in December for the first time in nearly a decade. * The metal is highly exposed to rising rates, which lift the opportunity cost of holding non-yielding assets, while boosting the dollar. * Gold's decline began after data on Friday showed non-farm payrolls rising by 215,000 last month, higher than expectations of 205,000, underscoring the strength in the U.S. economy. Today's Mustard seed Market Update By MarketMagnify. Ncdex chana live update. Best Mcx Commodity Tips Provider in India. Lupin Hits 52-Week low, Down 3% on CLSA Downgrade. Intraday Rupee Gains 13 Paise. Nifty Opens above 7500.
Accurate Intraday Trading Tips. RBI likely to Cut Rate on Back of Slowing Inflation. Feb WPI comes in at -0.91%; food products index up 0.8% MoM. Stock Market Bullish Sensex Nifty Green,Stock Live Update Best Intradaty Tips. Kingfisher Airlines' PF Contributions to be Probed. Asia markets mixed, with Shanghai up 0.3%, Nikkei off 1% Rupee gains 17 paise. Live Market Updates: Sensex surges over 400 pts. Today's Mcx Market Trading Tips for Copper. Copper futures rallied by more than 2 per cent in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for copper, in the domestic spot market.
Further, finance heads from the Group of 20 countries sought to revive confidence in the global economy with the People’s Bank of China Governor saying that the Chinese central bank had at its disposal, more monetary easing room to act and bolster economic growth in the world’s biggest metals consumer. China’s central bank also assured that there is no reason for yuan depreciation, bolstering confidence. Copper may extend momentum today as upbeat US economic data bolsters outlook.
At the MCX, Copper futures for February 2016 contract closed at Rs. 321.7 per 1 kg, up by 2.13 per cent, after opening at Rs. 316, against the previous closing price of Rs. 315. It touched the intra-day high of Rs. 326.45. MCX Gold Silver Price Today. Gold Gold settled down -1.47% at 29337 as the dollar and global shares rose, but fund buying persisted as investors expected a G20 summit would produce little in the way of a coordinated stimulus program.
Trading Ideas:Gold trading range for the day is 28829-29983. Gold dropped as the U.S. dollar, oil prices and equities around the world sapped the precious metal’s haven appeal. SPDR gold trust holdings gained by 0.27% i.e. 2.08 tonnes to 762.40 tonnes from 760.32 tonnes. Silver Silver settled down -2.57% at 36250 after the Federal Reserve's preferred gauge for inflation rose by its highest annual percentage in more than three years, augmenting hawkish sentiments for accelerated normalization in the U.S. central bank's first tightening cycle in nearly a decade.Trading Ideas:Silver trading range for the day is 35532-37476.Silver dropped after the Federal Reserve's preferred gauge for inflation rose by its highest annual percentage in more than three years. Live Market Updates: Sensex, Nifty in Red. Stocks That Market will Focus as Jaitley Makes Budget Speech. Today's Mcx Market Update on Natural Gas. Copper Mcx Latest News. Gold Market News Update.
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