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Tuesday, 1 November 2016

Latest Commodities News by TradeIndia Research

Gold was mostly unchanged early on Tuesday amid easing equities and a steady US dollar, with investors sitting tight awaiting cues from the upcoming Federal Reserve meeting on a possible interest rate hike. 

Today's Commodity Price News and free trial on Commodity Tips.

Spot gold was nearly unchanged at USD 1,277.50 an ounce at 0111 GMT. 

US gold futures were up 0.43 percent at USD 1,278.60 per ounce. 

Oil prices edged higher from one-month lows in early trading in Asia on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production.

But the gains were limited as the market was weighed down by further indications of record output from the group, a sign the glut that has kept a lid on prices is not draining away as fast as the oil bulls would like.

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