Gold Silver Reports ~ Crude Oil Rates steadied on Thursday, paring losses after a renewed drop in U.S. oil rigs, but analysts and traders said there could be another selloff in the coming week if U.S. crude stockpiles hit record highs again.
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Gold Biggest Loss in More Than 4 Months
Gold Silver Reports ~ Gold Spot rebounded after hitting a 4-week low on Thursday, but prices were still poised for their biggest weekly loss since November as the prospect of more U.S. interest rate rises has bolstered the dollar. Â
Copper Prices Silp The Most in 2 Weeks
Gold Silver Reports ~ Copper futures dropped the most in two weeks and a gauge of mining companies tumbled as a strengthening dollar and falling crude oil prices dragged down commodities.
The Economy and Direction of Monetary Policy
Gold Silver Reports ~ U.S. stocks declined in thin trading as commodity shares followed crude prices lower, while investors awaited further clues on the economy and direction of monetary policy.
Silver MCX Trading Levels 37150 to 38850
Gold Silver Reports ~ Silver on MCX settled unchanged at 37864 as investors sought assets seen as havens from risk after deadly bomb attacks hit Brussels airport and a rush-hour Metro train in the Belgian capital.
Gold Silver Weak in Global Markets
Gold Silver Reports ~ Gold Silver counter may open on negative note tracking weak international markets as movement of greenback to give further direction to the prices.
Gold MCX Trading Levels 28690 to 29245
Gold Silver Reports ~ Gold on MCX settled down -0.65% at 28941 dropped tracking weakness from Comex Gold while unable to challenge a recent 13-month high near $1280 as traders booked profits after gains from last week’s dovish interest rate announcement by the Fed. The dollar arrested three weeks of declines after hawkish comments from US Fed officials renewed expectations of US interest rate hikes.