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Daily Commodity Market Updates

News in headline:

* Oil prices climb amid questions over scale of U.S. rate hike

* Gold Briefly Below $1,700 to 27-Month Low as Bets Swing Over Fed

* Oil Dips in Volatile Trade as Pendulum Swings on Fed’s Upcoming July Hike

Chart of the day:

Gold:

The prices of Gold are trading in sideways to downside zone making lower lows and lower high where further sell-off can be seen so indicating sell signal.

Technical View:

* Bullion: Day trend is holding its support level in Gold and Silver but indicating weakness.

* Energy: Day trend is sideways in Crude oil and Natural gas.

* Base metals: Day trend in base metal is indicating weakness so sell on rise to be followed.

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