Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 10.11.2016

Mcx Commodity Market News : Morning Session 

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Crude oil up on US poll results
10/11/2016 08:47
Crude oil futures closed higher in the domestic market on Wednesday as Donald Trump’s election win fueled a risk-on sentiment among investors that fed a climb in the U.S. stock market. Prices had suffered losses in earlier trading on the back of a second straight weekly rise in U.S. crude supplies and concern that Trump’s win would lead to more production and add to the nation’s glut of oil supplies. At the MCX, crude oil futures for November 2016 contract closed at Rs 3036 per barrel, up by 0.90 per cent, after opening at Rs 3000, against a previous close of Rs 3009. It touched the intra-day high of Rs 3058.

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Silver down on weak global cues
10/11/2016 08:46
Silver futures closed lower in the domestic market on Wednesday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels. At the MCX, silver futures for December 2016 contract closed at Rs 43,286 per kg, down by 0.05 per cent, after opening at Rs 43,490, against a previous close of Rs 43,309. It touched the intra-day low of Rs 43,257.

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Gold rises on US poll results
10/11/2016 08:45
Gold futures closed higher in the domestic market on Wednesday as Donald Trump's victory rocked stock indexes, put a Fed rate hike next month in doubt, and slammed the dollar. Gold investors had been bracing for a big swing — a drop in the event of a Hillary Clinton win, as many had expected, or a flight to safety in a Trump win. At the MCX, gold futures for December 2016 contract ended at Rs 29893 per 10 grams, up by 0.04 per cent, after opening at Rs 30,400, against a previous close of Rs 29,880. It touched the intra-day high of Rs 31,376.