Commodity Updates Today: 6th October

MCX Gold TipsGold, silver and crude prices still continues streak in the international market. The boom in the domestic market is also being witnessed. MCX Gold and silver are traded with a gain of half per cent.Gold traded higher on Monday and silver closed higher after hit 6% upper circuit on MCX. Weak employment data released from U.S. last week was supported for precious metals, also denting the expectation of interest rates hike this year.
Our Commodity experts say that US interest rates are expected to grow this year as well as the gold and silver prices could rise in the festive season. Next week will see a positive impact on prices. In such situation one can bet for short-term bullish trend in gold.
Copper bounced from lows while lead, zinc, nickel and aluminium fell drastically on Monday on weak global growth and on weak demand expectation from china as well as U.S.

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