COMMODITY MARKET NEWS UPDATE- Crude Oil Opens in Green today Because Out put cut will be implemented strictly By OPEC & OPEC+ Countries.
Lockdown also ease in all parts of the world, so Oil demand will be More in Coming days.
The Oil Markets where Climbed on Monday Because of comment By Russia which is in OPEC+ Country Reporting its Oil output cut Nearly Dropped by 8 Million barrel per Day in May Month.
Russia Has cut the output for May & Coming month June,which can boost the Crude prices.
Russian Fuel Minister On Monday said Increase In Fuel Demand, By output Cut the prices will be stable.
WTI Crude oil Trading at 34.18$ per Barrel.
Brent Crude Oil Trading at 36$ per Barrel.
Mcx Crude Oil Trading at 2597.
COMMODITY MARKET NEWS UPDATE- Gold Prices Climbed On monday after getting days Lows.
Comex Gold Trading at 1735$ per Ounce.
Gold reserves in USA increased to 8133 tonnes in the first Quarter of 2020.
Highest Reserve Increased was 8149 Tonnes.
Mcx Gold Currently Trading at 47080 .
Gold Rate Today
22 Carat Gold for 10 Gm is 44400.
24 Carat Gold for 10 Gm is 48450.
Today Trend For CRUDE OIL & GOLD.
Crude oil above 2625 bullish and may touch 2700/2750 today & Below 2528 its Bearish and may touch 2450/2380.
Mcx Gold above 47435 bullish and may touch 47750/48000 & below 46511 may touch 46300/46000.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.