Gold floats above $1200
Gold surged near its two month high as safe-haven stayed in place on worries British Prime Minister Theresa May would chalk out plans for a hard Brexit. Gold has jumped back above $1200 per ounce following the recent reversal. COMEX Gold futures are trading at $1212 per ounce, flat on the day after gaining nearly 1.5% in last session.
MCX GOLD FEB FUT trading at 28757 up 19 points(0.07%)
MCX Silver March FUT trading at 41656 up 57 points (0.14%)
Oil prices hold above $52 levels.
Oil prices are witnessing a mixed movement as not much of buying is emerging at elevated levels and traders remain doubtful about the potential of OPEC to hammer out a meaningful cut to its output. A generally supportive undertone in commodities is helping cushion losses though.
MCX Crude Jan FUT Trading at 3579 down 16 points (-0.45%)