Gold fell on Monday after the dollar edged up as U.S. congressional negotiators hammered out a deal on a spending package to keep the federal government funded through September.
* Spot gold dropped 0.3 % to $1,264.06 per ounce, as of 0236 GMT.
* Gold, last week, saw its biggest weekly percentage fall since the week of March 10, ending about 1.2% lower.
* U.S. gold futures eased 0.2 % to $1,265.20 an ounce.
* The dollar index rose 0.1 % to 99.118. [USD/]
* U.S. congressional negotiators have hammered out a bipartisan agreement on a spending package to keep the federal government funded through the end of the current fiscal year on Sept. 30, a senior congressional aide said on Sunday.
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Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC’s ability to cut supplies and tighten the market.
U.S. West Texas Intermediate (WTI) crude oil futures were trading at $49.32 per barrel at 0052 GMT, down 24 cents, or 0.5 percent from their last close, after gaining 0.7 percent in the previous session. WTI has fallen for seven of the past eight sessions.
Traders said that a report late on Tuesday by the American Petroleum Institute (API) that U.S. crude oil inventories rose by 897,000 barrels in the week to April 21 to 532.5 million barrels had weighed on WTI.
Brent crude futures <LCOc1>, the international benchmark for oil prices, were at $51.88 per barrel, down 22 cents, or 0.4 percent, from their last close. Brent is around 8.5 percent below its April peak.
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Silver futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued physical demand amid firmer greenback.
At the MCX, silver futures for May 2017 contract is trading at Rs 41394 per kg, down by 0.27 per cent, after opening at Rs 41440, against a previous close of Rs 41505. It touched the intra-day low of Rs 41319.
Technically market is under fresh selling as market has witnessed gain in open interest by 2.68% to settled at 12019 while prices down -393 rupees, now Silver is getting support at 41145 and below same could see a test of 40785 level, And resistance is now likely to be seen at 41920, a move above could see prices testing 42335.
*Silver trading range for the day is 40785-42335.
*Silver prices edged lower amid fading demand despite jitters ahead of the French presidential election and ongoing geopolitical tensions over North Korea.
*The Labor Department said initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15.
Cardamom futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid subdued physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downtrend in the domestic cardamom prices.
At the MCX, cardamom futures for May 2017 contract is trading at Rs 1170.50 per kg, down by 0.70 per cent, after opening at Rs 1166.10, against a previous close of Rs 1178.80. It touched the intra-day low of Rs 1160.20.
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