Mcx Live 24- Crude Oil Up Because Increase in demand as majority of Countries in the world has lifted lockdown.
There are over 8 million cases globally as of June 16, according to Johns Hopkins University data, with China and the United States continuing to battle a second wave of new cases.
OPEC+ Countries are also agreed to cut the Production in Month of April.
Investors are now focusing on Thursday’s OPEC-led monitoring panel to be led by OPEC as it analyzes producer countries’ success in complying with the cuts.
Meanwhile, crude oil supply forecasts from the American Petroleum Institute (API) and the U.S. Energy Information Administration (EIA), due later in the week.
WTI Crude oil Trading at 37.16$.
Brent Crude oil Trading at 39.70$.
Mcx Crude oil will open near at 2816.
Mcx Live 24- Gold Futures Currently Trading at 1737$ Per Ounce.
The Dollar Index fell 0.2% against its rival and making gold less expensive for holders of other currencies.
Bank of Japan is expected to keep monetary settings steady as its policy meeting on Tuesday, Because it gauges the effects of stimulus steps already announced to support its economy.
Global Cases of corona virus reaches 8 million on monday.
Data Events today-
Retails sales MM.
Industrail Production MM May.
Mcx Gold Closes above 47000 & will be opening above 47000.
Gold Rate Today.
22 Carat Gold Rate today 44580 per 10 gm.
24 Carat Gold Rate today 48680 per 10 gm.
Today ‘s Trend For Crude oil & Gold.
Crude oil above 2898 bullish and may touch 2950/3000 today & Below 2672 its Bearish and may touch 2570/2500.
Mcx Gold above 47556 bullish and may touch 47700/48000 & below 46497 may touch 46350/46250.
For any Query or any Holding positions in Mcx Crude & Gold can Call or whatsapp to 08050795677.