Pace Research India : Commodity News Update

Gold prices edged further away from a 4-month low on Wednesday, as investors awaited testimony from U.S. Federal Reserve Chair Janet Yellen and central bank officials expressed caution about further interest rate hikes.

Oil prices rise on falling US fuel inventories

Oil prices on Wednesday extended gains from the previous day as the US government cut its crude production outlook for next year and as fuel inventories plunged. Brent crude futures rose 65 cents, or 1.4 percent to $48.17 per barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI) crude futures were at $45.77 per barrel, up 73 cents, or 1.6 percent.Both settled about 1.4 percent higher on Tuesday. For More Information About Commodity Market Visit : www.paceresearchindia.com and Call : 8817774774