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Friday, 24 June 2016

MCX Trading Tips with Gold News

Gold gains, oil slides as early UK vote shows tight race

Gold rose more than 3 percent and oil futures dropped below USD 50 a barrel amid sharp price swings on Friday, as official results so far from a British referendum showed a tight race between campaigns to remain in or leave the European Union. 

Copper came off a seven-week top, but losses were marginal while grains stabilized as initial results from a referendum on Britain's 43-year EU membership poured in. China-traded commodities barely reacted, with actively traded iron ore and rebar futures largely steady. 

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