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Tuesday, 8 November 2016

Free MCX Commodity Market Morning Outlook

MCX Gold
On the MCX, gold prices declined by 1.57 percent to close at Rs.30078 per 10 gms. Gold prices fell as U.S. dollar and stocks rallied after FBI cleared Democratic presidential candidate Hillary Clinton of criminal charges. Commodity Tips On the MCX, gold prices are expected to trade lower today continuing its negativity from the previous trading session; international markets are trading marginally higher by 0.1 percent at $1282.5 per ounce.

MCX Silver
On the MCX, silver prices declined by 1.07 percent to close at Rs.42933 per kg. Silver prices dropped as demand for safe-haven assets ebbed after the FBI said that no charges were warranted against Hillary.

MCX Crude Oil
On the MCX, oil prices rose by 0.9 percent to close at Rs.2967 per barrel. Crude oil gained boosted by a commitment from OPEC to stick to a deal to cut output. Free MCX Tips On the MCX, oil prices are expected to trade sideways, international markets are flat at $44.86 per barrel.

MCX Copper

MCX copper prices traded higher by 2 percent to close at Rs.341.2 per kg on Monday. We expect MCX Copper prices to trade lower today on the MCX. Copper prices gained in step with a firmer Shanghai futures contract as U.S. presidential candidate Hillary Clinton averted charges over use of emails.

GOLD $ 1283.35.
SILVER $ 18.242,
COPPER $341.40,
CRUDE OIL $ 44.85,
INR 66.714.

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