Today’s Trading Range of Gold, Silver, Crude and Copper
MCX Gold Feb 2017
Gold fall after the dollar rebounded on the back of a conclusion by the ECB to extend monthly asset buys until next December. Gold trading range for the day is 27644-27990. Watch at present MCX Free Tips calls.
MCX Silver Mar 2017
Silver dropped weighed down by a stronger U.S. dollar and expectations the U.S. Federal Reserve will hike rates next week. Silver trading range for the day is 41077-42087.
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MCX Crude oil Dec 2016
Crude oil increased on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production. Crude oil trading range for the day is 3321-3487.
MCX Copper Feb 2017
Copper edged lower as the dollar bounced back after ECB’s choice to cut its month to month asset buys but extend the program until the end of 2017. Copper trading range for the day is 386.2-401.6.
Read each day commodity market updates from MCX HNI Tips blog.