Five “O” Clock
Currency Commodity Report
Closing
prices:
Usd/Inr: 68.6050
Sensex: 38024.37
Nifty: 11470.70
Current rates
Spot Gold: $1215.15
Spot Silver: $15.5000
MCX Gold October: Rs.29674
MCX Silver September: Rs.38157
Nifty creeping higher on closing basis every day. Emerging
market currencies have gained today against the US dollar. Pound is trying and
will be trying to pare some of this week’s losses against the US dollar.
Industrial metals have risen so far as global growth outlook is not as gloomy
as perceived. Gold and silver are trading with a firm bias. There are US
economic data release which will affect the trend of the markets. Russian trade
sanctions will not have any impact on financial markets. Natural gas prices can
rise due to Russian trade sanctions. Crude oil prices will be very volatile due
to Russia and Iran.
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