Mcx Commodity News for Crudeoil, Gold : Evening Session - 7.11.2016

Mcx Commodity Market News : Evening Session 

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Yellow metal looses sheen after FBI clears Clinton
07/11/2016 14:40
Gold futures were trading lower during the afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the precious metal amid rising hopes after the FBI maintained the opinion that Hillary Clinton’s handling of her e-mails wasn’t a crime, raising hopes of the Democrat emerging victorious in the race for the White House.
The US voters on November 8 will cast their votes to decide between Hillary Clinton and Donald Trump as their next president.
At the MCX, gold futures for December 2016 contract is trading at Rs 30195 per 10 grams, down by 1.18 per cent, after opening at Rs 30510, against a previous close of Rs 30557. It touched the intra-day low of Rs 30184 (at 14:34 hours).

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Crude oil rebounds ahead of US polls
07/11/2016 12:40
Crude oil futures were trading higher during the noon trade in the domestic market on Monday as investors and speculators widened their positions in the energy commodity amid caution ahead of the outcome of the US presidential elections this week.
The US voters on November 8 will cast their votes to decide between Hillary Clinton and Donald Trump as their next president. Hopes emerged after the FBI maintained the opinion that Hillary Clinton’s handling of her e-mails wasn’t a crime, raising hopes of the Democrat emerging victorious in the race for the White House.
According to Gordon Kwan, head of oil and gas research at Nomura, “Clinton victory on Tuesday could help risk assets such as oil rebound sharply”.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 2994 per barrel, up by 1.84 per cent, after opening at Rs 2952, against a previous close of Rs 2940. It touched the intra-day high of Rs 3,000 (at 12:40 hours).