Strong gains have been noted in MCX Gold futures today as the commodity soared to two and half month high in global markets. The local futures hit above Rs 9000 per barrel and currently trade at Rs 8966 per barrel, up 0.66% on the day. WTI Crude oil futures are trading at Rs 115.49 per barrel, up 0..3.6% on the day amid firm risk appetite. Oil also remains well supported on hopes of a recovery in Chinese demand. Shanghai has edged further towards a gradual reopening from two months of grinding COVID-19 lockdown. The major city aims essentially to end its lockdown from Wednesday. Oil has also been rising on the firm trends in US gasoline consumption demand. Powered by Commodity Insights
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