Gold regain momentum as Dollar retreat from multiyear high
Gold prices edged higher on Thursday ,as Dollar index drift lower from previous highs. Spot Gold XAU was up 0.1 percent at $1,132.04 an ounce. Bullion closed almost flat in the previous session.
The spot gold prices drifted within a narrow range in early trade today ahead of the release of a string of US economic data today .
MCX GOLD FEB FUT trading at 26929 down 61points( -0.23%)
MCX Silver March FUT trading at 38980 down 160 points(-0.41%)
Crude oil prices inches higher on weaker dollar
Crude oil prices edges higher in early trade however gaines were capped by unexpected rise in US crude inventories last week and Libya might boost output over the next few months.
MCX Crude Jan FUT Trading at 3585 up 8 points (0.22%)