Gold prices down as US Dollar Index hits 13-Year High
Gold prices extended its losses on Wednesday after previous session losses. Spot Gold XAU down 0.1 percent to $1,131.01 an ounce.
A Strong US Dollar index hitting 13 year high on Tuesday was a bearish anchor pulling down the precious metal market.
MCX GOLD FEB FUT trading at 27,198 up 68 points( 0.25%)
MCX Silver March FUT trading at 39752 up 326 points (0.83%)
Crude oil settle higher as vertical draw in US Stockpiles
Crude oil prices edged higher on Wednesday as US crude inventory data expected to be on lower side. OPEC reached out a deal to cut the output by a combined 1.8 million barrels per day(bpd) earlier.
MCX Crude Jan FUT Trading at 3642 up10 points (0.03%)