Gold starts the week higher ahead of May Speech
GOLD PRICES jumped near 8-week highs in wholesale bullion trade Monday as weekend comments from US president-elect Donald Trump about the Nato military alliance caused shock in European capitals, and German politicians rebuked UK threats to slash corporate tax rates if a 'hard Brexit' from the European Union sees Britain lose access to the single market. Spot Gold up 0.86% at 1206.95.
MCX GOLD FEB FUT trading at 28615 up 86 points(0.30%)
MCX Silver March FUT trading at 41160 up 200 points (0.49%)
Oil prices rises on strong Asian demand.
Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that oversupply would be curbed.