Gold prices eased, trimming overnight gains linked to risk sentiment after deadly bombings in Belgium.
Copper edged up, underpinned by signs of a revival in China’s housing market, but trade was expected to tail off ahead of Easter holidays later this week.
Crude oil prices fell further in Asia on Wednesday despite a drop in U.S. industry estimates of crude and refined product stocks last week. Overnight, oil prices dipped on Tuesday, hit by investor nervousness after deadly blasts in Brussels prompted a flight towards safe-haven assets.
MCX Call Today:
As today’s MCX Call we suggest to Sell MCX gold apr. below 28800 for the target of 28650 and 28500 with a stop loss at 28951. Technically Gold is weak on charts and taking strong resistance of trend line. While ADX, CCI, Money flow index and MACD indicate good selling opportunity in it. So, traders should go for sell on higher level strategy.