Trigger in Gold and Mustard seed prices

Gold traded on a negative note during the week. It opened its session higher on Monday and continued to trade up to end this weekly session positive. But the yellow metal did not sustain for a long and have some possibilities to slip in mid week due to US higher interest rates. US president Donald trump’s announcements on import tariffs for steel and aluminium helped in triggering a reversal in gold prices.
Cardamom is in long term bull phase and the trend is supported with good volume. Cardamom is now trading in oversold level and copper is coming down from over bought level.
Mustard seed is trading at Rs.4050 per quintal in Jaipur Market. The expectations of good demand for oil after the post Holi holidays may increase the mustard seed prices up to Rs.4120. The oil prices rise in today’s market ahead of a meeting between OPEC and US shale firms in Houston so crude oil market is expected to continue in bullish momentum.

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