Domestic equity markets were little changed on Wednesday in the absence of major cues, in line with other Asian peers. Investors awaited stimulus from the government amid slowdown worries.
In the commodities market, Brent crude rose above the $60 mark amid data that showed a larger-than-expected drawdown in US crude inventories. Let's take a look at how the different commodities are faring back home?
Bullion: Bullion counter may trade sideways with a negative bias. Gold prices were steady on Wednesday after recovering to above the key $1,500 an ounce level in the previous session, with investors waiting for the minutes of the Federal Reserve’s July meeting for possible clues on further US interest rate cuts.
Gold (Oct) are likely to dip towards Rs 37,700 and face resistance near Rs 38,100, while silver (Sep) may dip towards Rs 43,200 and has resistance near Rs 43,850.
If You Are a Trader So Take Our Two-Day Free Trading Trail More Information Click Here Nifty Future Tips or You can also call us on +91 62329-95233
0 Comments