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Tuesday 23 February 2016

LIVE COMMODITY TREND AND TIPS

COMMODITY TIPS FOR MCX,NCDEX,AGRI,ENERGY,GOLD-SILVER LIVE PRICES AND TIPS GIVE MISSED CALL TO


Gold rose by about 1% on Tuesday as European shares  fell and inflows into bullion funds continued, boosting to prices.

Spot gold was up 0.8% at $1,217.70 an ounce. Prices had fallen 1.6% on Monday, when the dollar and equities rallied.

     Bullion was boosted by European shares turning negative, dropping from the previous session's two-week high on disappointing earnings updates and lower oil prices.
   The Dollar fell from a three-week high before stabilising against a basket of main currencies.
  
    
     The metal, however, could be vulnerable to more corrections if stock markets strengthen, analysts said.
     Among other precious metalssilver rose by 0.4% to $15.22 an ounce after hitting a two-week low of $14.90 on Monday. Platinum was unchanged at $926.15, not far off a two-week low touched in the previous session, while palladium firmed 0.5% to $495.96.
Oil futures fell more than half a dollar on Tuesday,Key oil exporters Saudi Arabia and Russia have proposed to freeze output at January levels, which were near record highs, only if other producers also do the same. 

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