COMMODITY TIPS FOR MCX,NCDEX,AGRI,ENERGY,GOLD-SILVER LIVE PRICES AND TIPS GIVE MISSED CALL TO
Gold rose by about 1% on Tuesday as European shares fell and inflows into bullion funds
continued, boosting to prices.
Spot gold was up 0.8% at $1,217.70 an ounce.
Prices had fallen 1.6% on Monday, when the dollar and equities rallied.
Bullion was
boosted by European shares turning
negative, dropping from the previous session's two-week high on disappointing
earnings updates and lower oil prices.
The Dollar fell from a three-week high before stabilising against
a basket of main currencies.
The metal, however, could be vulnerable to more corrections if stock markets strengthen, analysts said.
Among other precious metals, silver rose by 0.4% to $15.22 an ounce after hitting a two-week low of $14.90 on Monday. Platinum was unchanged at $926.15, not far off a two-week low touched in the previous session, while palladium firmed 0.5% to $495.96.
Oil futures fell more than half a dollar on Tuesday,Key oil exporters Saudi Arabia and Russia have proposed to freeze output at January levels, which were near record highs, only if other producers also do the same.
ReplyDeleteSELL GOLD BELOW 29300 TG-29220-29070 SL-29430.
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