Gold testing higher levels
Gold prices rallied to six week high on Tuesday .Spot gold up 0.29% at $1188.95 an ounce. According to the latest update from the World Gold Council(WGC), at the end of December ,total holdings in physically-backed gold exchange traded products (ETPs) stood at 2,142.4t down 96.9t or 4.30% from November 2016.
MCX GOLD FEB FUT trading at 28208 up 64 points(0.023%)
MCX Silver March FUT trading at 41156 up 60 points (0.15%)
Crude oil prices muted.
Oil prices were backed by some support of Saudi supply cut however rising US rig counts still a concern for the commodity.
MCX Crude Jan FUT Trading at 3482 down 31 points (-0.88%)