Gold gains modest.
Gold rises mildly in Asia following yet another recovery. Gold Futures on the comex in US down 0.1percent at $1132.06 an ounce .The metal has been constantly witnessing buying support around 11 months low near $1130 per ounce levels.
Higher US dollar, rising treasury yields and with equity market trading near all time highs all factors weigh down on the precious metal.
MCX GOLD FEB FUT trading at 27100 up 63points( 0.23%)
MCX Silver March FUT trading at 38866 up 353 points(0.92%)
Crude oil prices steady ahead of Supply cut treaty
Crude oil prices quiet flat on tuesday session with little gains. OPEC and non-OPEC members deal to cut the supply will kick start from Jan 1st .The agreement is done to support the oil prices , squeezed for more than two years by surplus supply.
Oil market in US was closed on Monday ,26 December 2016 for the Christmas holiday.
MCX Crude Jan FUT Trading at 3620 up 18 points (0.50%)