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Wednesday, 14 September 2016

MCX Market Tips with Gold News


Gold held on to its losses early on Wednesday after falling 0.6 percent the session before, with the dollar advancing versus the yen. 

FUNDAMENTALS 

Spot gold was down 0.1 percent at USD 1,316.90 an ounce by 0105 GMT.

US gold futures eased 0.1 percent to USD 1,321.90 an ounce.



The dollar stood atop sizeable gains versus the yen early on Wednesday. The greenback was up 0.3 percent at 102.82 yen, after touching a one-week high of 102.87.

The 10-year US Treasury yield rose to a three-month high of 1.752 percent, having risen more than 20 basis points from a week ago.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.47 percent to 935.49 tonnes on Tuesday.

Latest gold updates about mcx commodity market with trading strategy and accurate mcx market tips on mobile by experts.

MARKET REPORT 

Asian shares wallowed near six-week lows on Wednesday, bruised by a fall in oil prices on renewed worries about a supply glut.

Oil prices dropped as much as 3 percent on Tuesday after both the world's energy watchdog and OPEC revised forecasts that signalled the global crude glut could persist for much longer than expected.

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