Crude Oil Trading above 40$,Gold Above 1760$ as Fears from Virus case increasing.

Comex Live

Comex Live- Crude Oil opens Down after giving Gains in Earlier Trade in asain markets.

China, one of the world’s biggest oil importers, has yet to respond to Navarro’s comments, but an escalation of U.S.-China tension threatens a delay in the global economic recovery from COVID-19, in turn increasing the risks of an oversupply.

Investors are now waiting for Weekly Inventory Reports for this week which will be release on Wednesday.

WTI Crude oil Trading at 40.50$.

Brent Crude oil Trading at 42.88$.

Mcx Crude oil Trading at 3083.

Comex Live- Gold Trading at 1765 $ per Ounce,Gold Prices are on record high becuase of virus cases increases.

Gold Hits 10 week Highs and well Trading above 1760 $ which may take to 1800$ if its sustains above 1775$.

Goldman last week lifted its three-month forecast for gold to $1,800 from $1,600. It placed its six-month forecast at $1,900 from a previous $1,650.

The Wall Street firm also widened its longer-term, 12-month target to $2,000.

Mcx Gold Trading at 47944.

Gold Rate Today

22 Carat Gold Rate Today is 45640 per 10 gm.

24 Carat Gold Rate Today is 49760 per 10 gm.

Today ‘s Trend For Crude oil & Gold.

Crude oil above 3158 bullish and may touch 3185/3230 today & Below 2970 its Bearish and may touch 2900/2850.

Mcx Gold above 48312 bullish and may touch 48600/48800 & below 47576 may touch 47350/47150.

For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.

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