Gold rises from
multi-month lows as dollar weakens
Gold rose over 1 percent
on Monday, recovering from a 9-1/2 month low in the past session, as the U.S.
dollar extended losses after touching a 14-year highs touched a week ago.
"A marginally
weaker U.S. dollar saw gold prices recover some portion of the losses achieved before
in the week. Buying also emerged as prices hit a key technical level," Get
daily MCX Free Tips with accuracy by experts on mobile
Spot gold was up
1.05 percent at $1,195.26 an ounce by 0252 GMT. The metal marked its lowest
since Feb. 8 at $1,171.21 per ounce in the past session.
U.S. gold futures rose 1.43 percent to $1,195.20 per
ounce.
SPDR Gold Trust, the world's biggest gold-backed
exchange-traded fund, said its holdings fell 0.73 percent to 885.04 tons on
Friday from 891.57 tons on Wednesday.
Among other precious metals, silver gained 1.6 percent to
$16.75 an ounce and palladium rose 0.3 percent to $743.13
Platinum was up 1.77 percent at $919.00.
Oil prices regain some ground after steep falls in front
of OPEC meeting
Oil prices regained some ground after steep losses made
since Friday in choppy trading in front of an arranged producer meeting on
Wednesday aimed at reining in worldwide oversupply. You can also get share market tips after the complete analysis of market trends by experts for more
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Brent crude
futures were trading at $47.20 per barrel at 0346 GMT, down 4 cents from their
last close.
U.S. West Texas
Intermediate (WTI) crude futures were down 3 cents at $46.03 a barrel.
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