Gold gains on weaker dollar.
Gold futures were flat on Friday, clinging to strong gains from earlier in the week . Gold Futures for Feb on comex settled down at $1152.00 down 0.53%. Price were up around 9.8% for the Year.
MCX GOLD FEB FUT trading at 27490 up 45 points( 0.16%)
MCX Silver March FUT trading at 39152 up 103 points(0.26%)
Crude oil looks tepid around $54
Crude oil market remain closed for the New Year’s holiday. In 2017 as per some analyst Oil prices expected to rise towards $60 however further upside capped by a strong dollar ,a likely recovery in US oil output and possible disagreement between OPEC members to cut supply.
MCX Crude Jan FUT Trading at 3671 up 21 points (0.58%)