Gold slipped on Friday and held near its weakest level in more than two months on muted demand from jewelers as they waiting for a further drop in prices.
Spot gold eased $1.49 an ounce to $1,291.75 by 0345 GMT, hovering above a 2-1/2 month low of $1,268.24 reached on Thursday.
Copper futures hit a seven-week high on Friday and were headed for their best week in about a month on firm demand in top market China, although growing tensions in Ukraine curbed further gains.
But copper futures struggled to push higher due to mounting violence in Ukraine, which is capping investor appetite for some risky assets from commodities to equities.
Brent futures held near seven-week highs above $110 a barrel on Friday as escalating tensions over Ukraine between top oil producer Russia and the West worsened supply disruption fears.
Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude oil inventories reaching an all-time high.
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Copper futures hit a seven-week high on Friday and were headed for their best week in about a month on firm demand in top market China, although growing tensions in Ukraine curbed further gains.
But copper futures struggled to push higher due to mounting violence in Ukraine, which is capping investor appetite for some risky assets from commodities to equities.
Brent futures held near seven-week highs above $110 a barrel on Friday as escalating tensions over Ukraine between top oil producer Russia and the West worsened supply disruption fears.
Oil prices rebounded in Asian trade Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude oil inventories reaching an all-time high.
All the accurate tips and updates you can easily get on your mobile. Money CapitalHeight has strong hold in providing most authentic and accurate Equity Tips, MCX Tips, Bullion Tips, Free Commodity Tips, Stock Cash Tips, Free MCX Trading Tips. We have team of highly qualified and experienced analysts who delivers their expertise in providing stock market calls for traders.
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