COMEX Gold jumped last week on slightly modest views expressed in a barrage of talks of Fed speakers. The US central bank raised interest rates for the second time in three months last week.
27-Mar | Global commodity check at 10:00 am
Natural Gas, Gold, Silver and Platinum have rallied, while Copper has tumbled.
MCX Gold futures are also down 0.2 percent at Rs 28,739 per 10 grams. Worries over poor speculative demand seem to be weighing on the metal.
24-Mar | Global commodity check at 10:05 am
Copper and Natural Gas have dropped, while Silver, Crude Oil, Brent Oil are flat.
WTI Crude Oil futures are currently trading just under $ 48 per barrel amid these cues
The shutdown has now tied the record for the longest mining strike in Chilean history, set in 2009 at BHP's Spence mine.
MCX Gold futures backed off from highs near Rs 28,950 per 10 gram levels and ended down 0.3 percent at Rs 28,800 levels.
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Base Metals Preview: Copper sees buying in dips