Commodity Trading Strategies: Commodity prices traded on a mixed note on Thursday, as bullion prices traded steady on pandemic worries while crude oil prices declined on demand growth worries and inventory build. Base metals complex traded on a weak note as they pared gains from the previous session. Here is a look at how different commodities are behaving in today’s market.
MCX Gold Price Target: Gold price Friday settled up by 0.38% at 47353 gaining in strength thanks to another drop in bond yields and a weaker dollar.
MCX Silver Price Target: Silver yesterday settled up by 0.21% at 68684 as retreating U.S. Treasury yields and a softer dollar bolstered the metal’s appeal.
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Gold Silver Tips Today: Gold price yesterday settled down by 0.52% at 46608 weighed down by a jump in U.S. Treasury yields and a rebound in the dollar.
MCX Copper Target For Today: MCX Copper price yesterday settled by 0.83% at 706.35 as strong Chinese inflation data raised fears that the world’s biggest metals consumer will tighten monetary policy, though expected supply tightness kept prices on course for a weekly gain.