- Gold futures were trading lower during the evening trade in the domestic market on Tuesday as participants lightened their positions largely in tandem with a weak trend overseas.Gold prices fall tracking weakness in the overseas markets where gold dropped after posting the biggest two-day gain in more than seven years following the UK s vote to exit from the European Union and profit-booking by speculators weighed on gold futures.
- Crude oil futures surged over 3 per cent during evening trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity after the IEA expects the oil market to balance in 2016. The Paris-based agency said that global oil demand may increase at a rate of 1.3 million barrels per day in 2016 with a relatively small rise in Non-OPEC supply of nearly 200000 barrels per day.
- Silver futures retreated during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the precious metal tracking a weak trend in the overseas market as the lure for safe haven assets receded as concerns over Brexit eased amid speculation that policymakers may take some measures to restore confidence in fragile financial markets.
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