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- Commodity Trend, FOREX Updates Today: 5th Sep
Posted by : Niti Mathur
The dollar traded near 100 yen amid speculation signs of improvement in the U.S. economy will compel the Federal Reserve to taper its quantitative-easing program as early as this month. The greenback advanced toward a six-week high against the euro before private U.S. reports projected to show employment increased and the service industry expanded. The Bank of Japan left its unprecedented bond-buying program unchanged today at the conclusion of a two-day meeting.
Commodity Trend Today:
Gold fell a second day, extending the biggest drop in a month, on expectations for reduced stimulus in the U.S. and limited military strikes against Syria. Bullion for immediate delivery lost as much as 0.7 percent to $1,381.35 an ounce. Spot Gold is currently trading at $1388.50. MCX Gold Oct is currently at Rs 32488, it is trading down by Rs 154 points for the day. Comex Silver is currently trading at $23.36 whereas MCX Silver Dec is currently trading at Rs 54627, it is down by Rs 369.