Gold edged higher on Tuesday as the dollar weakened after
two top Federal Reserve officials downplayed an imminent end to monetary
stimulus.
Bullion is still down more than 7 percent since the start of
last week due to worries over an early end to the Fed's USD 85 billion monthly
bond purchases and a cash crunch in China.
In the New York Mercantile Exchange, natural gas futures for
delivery in August traded at USD3.768 per million British thermal units, down
0.66%. The commodity hit a session low of USD3.745 and a high of USD3.843
The U.S. Energy Information Administration said in its
weekly report late last week that natural gas storage in the U.S. in the week
ended June 14 rose by 91 billion cubic feet, above market expectations for an
increase of 90 billion.
In the Indian commodity market, gold and silver prices are
recovered from loss while they are still red and having low in their prices. In
the morning silver price were around INR 40500 while now its price is INR 40733
and having low if 101 points. But gold trading price is 26630 at now with low
of 95 Rs in the MCX exchange.
In Indian energy commodities, Crude oil price are increased
by 5 points and currently trading in 5707 Rs at now while natural gas is having
low of 2 in its price and trading in 224.5 at now.
GOLD SILVER TRADING
CALLS AND TIPS TODAY
Buy gold Aug above 26650 Targets 26700/26800/26850 Stop loss
26580
Buy Silver Jul above 40750 targets 40820/40900/40950 stop
loss 40700
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