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Bullion: Domestic gold futures were up factoring overnight gains in the parent contract on COMEX. Gold futures on COMEX in Asian electronic trade extended overnight gains as traders continued buying the commodity at every dip in prices on hopes of monetary stimulus or easing in the US or European nations.
Energy: Domestic crude oil futures were trading higher taking cues from the benchmark contracts on the New York Mercantile Exchange.
Global crude oil futures gained following release of encouraging US jobless claims data and more-than-expected drop in the US crude oil stocks. Natural-gas futures surge after a smaller-than-expected addition to US stockpiles, suggesting demand last week was stronger
than anticipated.
Metals: Base metals on MCX were mixed tracking the trend on London Metal Exchange but hopes that the Chinese government may announce some measures to boost economy supported the underlying prices. Trade in base metal contracts on LME was choppy, as a firm dollar against the euro put pressure on prices while Copper and lead were up, while nickel, zinc and aluminum were down.
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