Gold MCX Trend
Gold decline 2.72% today with all other commodity. Trading sentiment remained bearish after gold declined for the third day in London, its biggest weekly drop since May as some investors sold the metal to cover losses in other assets.In national market gold fell by USD 19.60 to USD 1,720.30 an ounce, the lowest since August 25 in London.
Crude Oil updates
Over the fast few days crude has been under pressure, brent crude oil turned lower on Friday to hit a six-week low near USD 103 a barrel after an initial rally faded, on concern about the outlook for the economy and oil demand. On Thursday, Brent lost USD 4.87 to settle at USD 105.49 on concern demand will fall as weak economic data from China and Europe triggered fears of a recession. From now its not seems to gain in near trading session.
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