Mcx News Latest- Crude Oil Gains Momentum because of Demand Increases in all over world despite Corona virus Cases Increases.
Overall, commodities markets were taking a positive view on the global recovery on Friday despite worries about corona virus impact.
USA kept Crude oil Production on hold that will gives boost for crude oil prices .
U.S. West Texas Intermediate (WTI) crude futures gained 42 cents, or 1.1%, to $39.14 at 0150 GMT but were on track for a slight drop for the week.
Brent crude futures similarly rose 1.1%, or 47 cents, to $41.52, but were also heading towards a small decline for the week.
WTI Crude oil Trading at 39.10 $.
Brent Crude oil Trading at 41.50$.
Mcx Crude Oil will Open near 2954.
Mcx News Latest- Gold Prices are Still very Strong as it Trading above 1770$ per Ounce.
Gold prices edged higher on Thursday as the dollar edged higher and yields in the US moved lower.
Gold prices continue to benefit from safety demand. This follows the IMF reducing its forecast for global GDP.
US Jobless claims increased by 1.48 million last week according to the Labor Department. Expectations were for claims to rise by 1.35 million claims. While the weekly numbers remained high and were worse than estimates for the second straight week, the total of those receiving benefits continued to fall. Continuing claims fell by 767,000 to 19.52 million.
Gold Rate Today
22 Carat Gold Rate Today is 45500 per 10 gm.
24 Carat Gold Rate Today is 49650 per 10 gm.
Today ‘s Trend For Crude oil & Gold.
Crude oil above 3042 bullish and may touch 3075/3120 today & Below 2851 its Bearish and may touch 2780/2700.
Mcx Gold above 48229 bullish and may touch 48400/48600 & below 47653 may touch 47520/47450.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.