MCX Commodity Tips Updates for Today

• Gold prices settled moderately lower, with thin volumes reported in International markets on account of Thanksgiving holiday in US. 

• Gold prices are expected to trade range bound today, due to an abbreviated U.S. trading session following Thanksgiving holiday.

• LME base metals ended mixed, suppressed by prevailing economic uncertainty in Europe and US.

• US Crude oil futures registered losses, as economic concerns in Europe and US front overshadowed the decline in US crude oil stocks. The energy prices have a limited downside, as the complex is supported by emanating geopolitical tensions regarding Iran’s nuclear power ambitions.