Commodity market outlook
- By Advisorymandi |
- Jan 20, 2017
- Last Updated at 11:15 IST
Gold prices stable at $1200
Gold holds stable on weaker dollar and US bonds pared gains .Safe haven buy before inauguration of US President –elect Donald trump also supported the buy. COMEX Gold is trading up 0.48% at $1207.25 per ounce.
MCX GOLD FEB FUT trading at 28652 up 124 points(0.43%)
MCX Silver March FUT trading at 41503 up 233 points (0.56%)
Oil prices muted .
Crude prices stable after tighter supply and ease off seen in dollar however data from EIA shows inventories built up around 2.3million barrel for the week January 13 to a total of 485.5 million barrels.
MCX Crude Feb FUT Trading at 3573 up 15 points (0.42%)
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