MCX market for bullion Gold at global platform rose to its record highs and above $1,625 on Wednesday, and silver, palladium also rallying because of concerns over the prospect of a U.S. default.
MCX market is now at global cues get prompted investors to buy precious metals as a haven from risk. U.S. oil futures of crude oil MCX at global slid more than 2 percent on Wednesday as a surprise increase in domestic crude inventories added to worries over weak economic data.
Copper MCX slipped on Wednesday after an increase of almost 2 percent in the previous session as a stronger dollar and soft U.S. economic data offset supply worries due to strikes at the world's largest copper mine. MCX report for aluminium is it that aluminium seen highest since early June.
MCX market is now at global cues get prompted investors to buy precious metals as a haven from risk. U.S. oil futures of crude oil MCX at global slid more than 2 percent on Wednesday as a surprise increase in domestic crude inventories added to worries over weak economic data.
Copper MCX slipped on Wednesday after an increase of almost 2 percent in the previous session as a stronger dollar and soft U.S. economic data offset supply worries due to strikes at the world's largest copper mine. MCX report for aluminium is it that aluminium seen highest since early June.
