Commodity Morning Insights : Comex Gold Slips as Investors Book Profits Ahead of Tariff News - Axis Securities
* Comex Gold ended its three-day winning streak in the previous session as investors locked in profits ahead of the upcoming tariff announcement. Volatility is expected to persist in the bullion market, with U.S. President Donald Trump referring to April 2nd as "Liberation Day."
* Nymex Crude Oil settled marginally lower, declining by 0.3% as traders positioned themselves ahead of the U.S. tariff announcement. Concerns over its potential impact on the U.S. economy and global trade continue to weigh on the market, with upcoming crude oil inventory data likely to add further price fluctuations
* Comex Copper extended its losing streak for the fourth consecutive session, weighed down by profit-taking ahead of the tariff decision. However, positive economic data from China provided some support at lower levels
* Nymex Natural Gas edged lower in the last session as record-high output and forecasts of mild weather dampened demand expectations
Commodity - MCX GOLD
CMP - 90875(0.17%)
Prior Day’s Range - 90400-91400
Today’s Implied Range* - $3090.58-$3145.58
Commodity - MCX SILVER
CMP - 99461(-0.6%)
Prior Day’s Range - 99055-100975
Today’s Implied Range* - $33.47-$34.02
Commodity - MCX CRUDE OIL
CMP - 6118(-0.1%)
Prior Day’s Range - 6097-6182
Today’s Implied Range* - $70.97-$71.45
Commodity - MCX COPPER
CMP - 893.9(0.29%)
Prior Day’s Range - 892.3-902.4
Today’s Implied Range* - $5.03-$5.1
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ00017133
