Gold prices-Gold prices fell in Asia on Friday as investors took profits on overnight gains and assessed anew the path of interest rates in the U.S. Overnight, gold skyrocketed more than $60 an ounce at session highs on Thursday, surging to its highest level in more than a year, as sharp declines in European banking stocks sent tremors through global markets pushing investors to seek shelter in the safe-haven asset.
MCX Copper Tips-Copper February expiry contract closed at Rs 304.15 per kg on 10 Feb 2016 against Rs 306.40 per kg on 9 Feb 2016. Volumes gained sharply and almost doubled in a single day trade. The total volumes were 43793 lots against 62498 lots on 9 Feb 2016. Open interest gained to 18803 against 18172 on 9 Feb 2016.
Crude oil prices-Crude oil prices gained further in Asia on Friday spurred by what appear to be a renewed effort by major producers to coordinate a cut in global output. Minutes after the U.S. close, Dow Jones reported that OPEC members are preparing to cooperate on potential production cuts according to UAE's energy minister. The comments boosted prices for both benchmarks.
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