Natural gas prices plunged to decade lows Thursday, on a U.S. supply level report and warm winter weather.
Gold futures were likely to find support at USD1642.14 a troy ounce, the previous day's low and technical resistance exists at USD1671.35 a troy ounce, today's high.
Spot Gold prices increased 0.2 percent, taking cues from dollar weakness and overall stable global market sentiments. Prices touched an intra-day high of $1689.74/oz and trading around $1663.19/oz today. On the MCX Gold prices increased by 0.1 percent today and were hovering around Rs.27511/10gms.
Weakness in the U.S. dollar helped lift crude oil prices. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, gave back 0.35% to trade at 80.29.
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