Precious metals prices fell from a six-week high on Thursday, pressured by the dollar’s bounce on solid U.S. economic data and as traders digested the Federal Reserve’s Wednesday statement that showed it was closer to paring its balance sheet.
India’s falling trade deficit is giving the world’s second-biggest gold consumer room to lower its import duty on bullion, a commerce ministry official said on Thursday.
Copper has been sideways with little movement in currency markets. Glencore cut its 2017 output targets after changes in what it extracts at some of its mines, rainfall and maintenance hit production in the first half of the year.
Crude Oil Tips
BUY CRUDE OIL AUG ABOVE 3165 TARGET 3220/3270 STOPLOSS 3110