Mcx Live Spot Price- Crude oil Prices down as Demand concerns because of Corona Virus cases rises in China & USA.
A rise in U.S. crude stockpiles to a record high for a second week in a row also weighed on sentiment, even though U.S. government data showed inventories of gasoline and distillate, which include diesel and heating oil, fell.
Crude Oil prices are in range and moving in 35$-40$ from last week.
OPEC+ Told that Production cut was implemented in May Month was around 87%.
U.S. shale producers holding back output, and fuel demand gradually improving.
OPEC Said if demand increases then Prices will be stable above 40$.
WTI Crude oil Trading at 37.50$.
Brent Crude oil Trading at 40.40$.
Mcx Crude oil Trading at 2854.
Mcx Live Spot Price-Gold Prices are Trading above 1732$ per Ounce.
Gold is Steady Because of Corona virus Cases increases all over world again.
Gold also remains supported by the Federal Reserve’s assurance of continued support for the U.S. economy until it fully recovers from Covid-19.
Dollar is Strong and Trading above 76.18$ vs INR.
The Dollar Index spot is down and trading at 97.06.
Mcx Gold Trading at 47300.
Gold Rate Today
22 Carat Gold Rate Today at 44870 per 10 gm.
24 Carat Gold Rate Today at 48970 per 10 gm.
Today ‘s Trend For Crude oil & Gold.
Crude oil above 3020 bullish and may touch 3070/3100 today & Below 2794 its Bearish and may touch 2670/2570.
Mcx Gold above 47813 bullish and may touch 48000/48100 & below 46864 may touch 46750/46650.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.