Gold inches up in morning trade as dollar index down after Fed decision to raise interest rates.
Gold fell to 10 months low on Friday as US dollar surges to multiyear high after raised interest rates and projected further rates in 2017 in US.
Asian Shares traded mixed the US market started at higher notes on Friday led by banking stocks.
MCX GOLD FEB FUT trading at 27,569 up 24 points (0.12%)
MCX Silver March FUT trading at 41,330 up 95 points (0.23%)
Crude oil surges up as Kuwait cuts supplies by more than expected.
As Earlier news from OPEC to cut supplies , Kuwait has asked its customers it would slash supplies from January as led by Russia to cut production by almost 1.8 million barrels per day(bpd) in order to reduce a fuel supply extent beyond that has affected markets for over two years.
MCX Crude Dec FUT trading at 3483 up 10 points(0.02%)