Gold Dips, Oil & Gas Surge
Commodities Heat Up: Gold Dips, Oil & Gas Surge Markets are on edge as geopolitics takes center stage. Posted by Niilesh waghela Mumbai: Geopolitical tensions are driving wild swings in commodities this week. While gold pulled back from recent highs, crude oil and natural gas surged on fresh supply fears, keeping markets on edge. It's a split screen in commodities today. Gold is cooling off, but oil and gas are heating up. As Middle East tensions rise, traders are bracing for more volatility ahead. Gold Comex Gold slipped to $4,127/oz today after hitting a 2-week high of $4,166. Why? Middle East tensions pushed oil up, but traders are now eyeing next week’s Fed meeting for rate hike cues. On MCX, Gold futures opened lower and are holding above key 20-DEMA support at ₹1,44,267. Next resistance: ₹1,46,300. Attributed: Aamir Makda, Commodity & Currency Analyst, Technical Research at Choice Broking_ Crude Oil MCX Crude Aug contract gapped up to *₹8,552*...