The price settled at $70.38, down -$3.73 or about -5% on the day.
Down -$3.73 on the day
The price of crude oil has moved sharply lower in trading today.
The high reached $74.26. The low reached $70.02…
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MCX Crude Oil Ready for 4830—4770—4620, Sell on Rise – Neal Bhai Reports
MCX Crude Oil Ready for 4830—4770—4620, Sell on Rise – Neal Bhai Reports
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
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Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
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MCX Silver Under Selling Zone, Below ₹ 39700— ₹ 39900, Strong Support ₹ 39180
Gold Silver Reports (GSR) – Silver on MCX settled down -0.23% at 39793 tracking weakness in base metals prices weighed down by a stronger dollar. Investor appetite for safe heavens such as gold, yen and Treasuries, were scaled back by sentiment for riskier assets, triggering an uptick in U.S. bond yields and forcing gold prices lower.
Gold Price Needs To See Closes Above $1275—$1280 Before it Finds Any Support
Gold Silver Reports (GSR) – “Gold needs to see closes above $1275-$1280 before it finds any support…Gold needs more than a trade war to push it higher,” he added. “It needs volatility in equities, weaker economic data, a dovish Fed.
Gold Prices Slump ₹ 270 on Slow Demand
Gold Silver Reports (GSR) – Global spot gold rate was down 0.1% at $1,256.79 an ounce after touching its highest since 26 June at $1,265.87 in the previous session. US gold futures for August delivery were 0.2% lower at $1,257.40 an ounce.
Gold Prices Hold at ₹ 31,650 per 10 grams, Silver prices Rise by ₹ 250
Gold Silver Reports (GSR) – Gold prices remained steady today at Rs 31,650 per 10 grams, while silver prices rose by Rs 250 to Rs 40,750 per kg following increased offtake by industrial units and coin makers amid firm global cues, reported news agency PTI. However, in global markets, gold prices hit a near two-week high as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering US-China trade tensions also supported the metal. In Delhi, gold rates of 99.9% and 99.5% purity were steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively.