Bullions: Today, MCX Gold has opened trading with negative sentiment and opened lowered below its previous level of 30657.00 and set to 30626.00. But, it failed to sustain its current level and reached a high of 30641.00 and low of 30626.00 in its early trading hours.
However, the MCX Silver opened trading with flat to positive sentiment and opened at the level of 39642.00 from its previous close of 39645.00. Unlike MCX Gold, the MCX Silver kissed a high of 39690.00 in its early trading hours.
Energy: The same situation can be seen in the MCX Crude oil which opened trading flat to positive and moving frequently between the opening and previous closing levels.
In its today’s trading session, it opened trading at the level of 4667.00 from its previous close of 4658.00.
Despite the OPEC agreement of last week, it is expected that tight supply is likely to drive oil prices higher during 2018.