MCX INDIA GOLD SILVER CRUDE CALLS

Gold rose back towards $1,260 an ounce on Thursday, coming within a hair of a 13 month high as the dollar was on track to make its biggest one day tumble in a month after U.S. data fueled worries over Friday’s U.S. payrolls data. New orders for U.S. factory goods rebounded less than expected in January, though it was the largest increase since June. U.S. nonfarm payrolls are estimated to have risen by 190,000 last month, according to a Reuters poll of economists. At the Multi Commodity Exchange, gold for delivery in far-month June was trading higher by Rs 149, or 0.50 percent, to Rs 30,005 per 10 grams, in a business turnover of seven lots.
MCX INDIA OUTLOOK
We expect gold prices to trade positive on the back of dovish statements by US Federal Reserve members.

Silver was up 1.4 percent at $15.13 an ounce.
MCX INDIA OUTLOOK
We expect silver prices to trade positive on the back of dovish statements by US federal Reserve members.
MCX INDIA CRUDE OIL
Oil’s rally lost steam on Thursday after three straight days of gains as growing record U.S. stockpiles countered OPEC plans for a production freeze, with some analysts saying the market has risen too much, too fast from 12year lows.
MCX INDIA OUTLOOK
We expect crude oil prices to trade positive on the back of OPEC plan to freeze production.

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