Gold Price gain on Weaker US Dollar
Gold prices edged up on Monday ,rising above the lowest level touched 10-1/2months in the previous week. Spot Gold XAU trading at $1,140.50.
Gold prices bounced off the previous session’s 10 months low on Friday but the metal still posted its sixth straight weekly decline as expectation for higher US interest rates in the month continued to weigh.
MCX GOLD FEB FUT trading at 27,202 up 38 points( 0.14%)
MCX Silver March FUT trading at 39595 down 99 points(-0.25%)
Crude oil prices rise in anticipation of tighter 2017 market
Crude oil prices rose on Monday in probability of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to support prices.. OPEC reached out a deal to cut the output by a combined 1.8 million barrels per day(bpd)
MCX Crude Jan FUT Trading at 3630 up 35 points (0.97%)