COMEX TRADING SIGNALS AND MARKET NEWS – 05 APRIL 2016

Gold costs ascended by 0.14 for every penny on Monday as a weaker dollar raised the request of gold as an option resource. Weaker greenback makes the bullion less expensive for those holding different monetary forms consequently expanding request. At the MCX Gold prospects for April 2016 contract is exchanging at Rs 28080 for every 10 gram up by 0.14 for every penny in the wake of opening at Rs 28080 against the past shutting cost of Rs 28040. It touched the intra-day high of Rs 28123.

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Copper prospects withdrew amid twelve exchange the household market on Monday following a bearish worldwide pattern as hearty US employments information for March raised worries that the US Federal Reserve might climb financing costs in the close term while stresses over the interest viewpoint from China the world’s greatest metals expending country remained.

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Crude Oil costs fell by 1.83 for each penny on Monday as the odds of Middle East makers consenting to control overproduction seemed to blur while willfully high US yield and stresses over Asia’s financial standpoint likewise delayed costs. At the MCX raw petroleum prospects for April 2016 contract were exchanging at Rs. 2418 for each barrel around 1.83 for every penny subsequent to opening at Rs. 2457 against the past shutting cost of Rs. 2463.

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