Thursday, August 21, 2014
Commodity Market Face Today : Live MCX Tips
Crude Oil Latest Updates: Crude Oil on Multi Commodity Exchange of India is moving down continuously for the second day. On NYMEX crude prices dropped yo 90 dollar. Brent crude oil also moved down. In domestic market crude oil prices slipped but natural gas surprisingly went up in the initial trading hours. Germany and Italy confirmed to supply the arms to the Iraq. Despite all these crude oil supply didn't get affected. In such situations the decreasing reserve of Crude oil is also a major concern. Manufacturing data disappointed the commodity market traders specifically crude one.
MCX Gold Silver Updates: MCX Gold and silver are trading on consolidate to bearish trend today. Following the foot prints of global commodity market bullion commodities are trading on lower side today. In the last 10 trading days gold prices have reduced by 3% to 28000 per 10 gm. Silver is also trading down by 0.75% and trading below 42000. Increase in the interest rate before the scheduled one in the America put further pressure on gold & silver.