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Monday, 28 November 2016

Today’s Gold and Crude oil Market Report

 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 info give missed call at 18003157801.

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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