Gold Rises As Dollar Eases, Focus On U.S. Inflation Data

Gold prices edged up on Tuesday as the dollar eased slightly, with investors waiting for U.S. inflation numbers later this week for hints on the pace of monetary tightening by the Federal Reserve.
“Gold appears to be in a holding pattern with the increasing risk that stale long positioning may see traders head for the door until some directional clarity is restored,” said Jeffrey Halley, senior market analyst at OANDA.
Spot gold was up 0.2 percent at $1,259.41 per ounce, as of 0705 GMT.
U.S. gold futures for December delivery rose 0.1 percent to $1,265.40 per ounce.
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White Metal Dips On Muted Global Cues

Silver futures were trading lower during the afternoon trade in the domestic market on Friday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

At the MCX, silver futures for September 2017 contract was trading at Rs 38200 per kg, down by 0.16 per cent, after opening at Rs 38500, against a previous close of Rs 38,263. It touched the intra-day low of Rs 38,110.
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Aluminium Futures Up On Increased Demand

Aluminium futures were trading higher during the noon trade in the domestic market on Wednesday on pick-up in demand in spot market. Analysts said widening of positions by participants due to pick up in demand from consuming industries in the spot market mainly influenced aluminium prices at futures trade.
At the MCX, aluminium futures for July 2017 contract is trading at Rs 124.15 per kg, up by 0.16 per cent, after opening at Rs 124.90, against a previous close of Rs 123.95. It touched the intra-day high of Rs 125.40.
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Lead Futures Rise On Increasing Demand

Lead futures were trading higher during the afternoon trade in the domestic market on Tuesday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for July 2017 contract is trading at Rs 145.60 per kg, up by 1.11 per cent, after opening at Rs 144.45, against a previous close of Rs 144. It touched the intra-day high of Rs 145.75.