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The weakness in the dollar has seen improvement in gold and silver. Gold has gone above $ 1280 in international markets. There is a slight increase in the domestic market also. On the other hand, crude oil is trading in small areas. Contrary to estimates in the US, the increase in reserves has seen pressure on its prices. Crude oil reserves increased by 8.6 million barrels, while analysts feared a fall of 2.6 million barrels. The price of crude oil on MCX has come down to Rs. 3400.
After weak start, good global signals are getting increasingly visible in base metals. Aluminum is up 0.75 percent and Lead has a 0.5 percent gain. Aluminum is at the highest level of 5 years on the London Metal Exchange. Due to the drop in supplies in China, prices have risen. Aluminum is also getting support from falling stock in LME warehouse.
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Mr. Ritesh is the founder of FreeMCXTrading.Tips – Commodity Tips Free Trial. He is 28-year old married young blogger and we have a group of expert Commodity market analyst help through website and Phone Call.
Created on Oct 27th 2017 01:05. Viewed 267 times.