Commodity Gold price at MCX rebounded from early losses on Wednesday and Silver price slipped by almost 2% at MCX Index on Wednesday and same is with Crude oil its showing weak market sentiments in the US economic data and the base metals reports for Copper is showing growth concerns.
Stocks of copper in LME warehouses rose 3,075 tonnes. Gold market is again rebounded from early losses and reached to the one month safe heaven and buying is seen in US manufacturing data. The Commodity MCX Gold prices are below forecasts and below April reading.
The Crude Oil prices Fell on Wednesday and growth in petroleum demand were reinforced by disappointing reports on U.S. private sector employment and manufacturing. The Copper fell on Wednesday, on signs of slowing factory activity in China and Europe, and extended losses after below-consensus jobs and manufacturing data in at LME and IN INDIA at MCX & NCDEX.
