MCX NEWS HIGHLIGHT | Support and Resistance for Today

•  GOLD EXTENDS GAINS ON WEAKER DOLLAR; ETF HOLDINGS SLIP.
• CRUDE TRADES LOW AS GAINS ON GASOLINE SUPPLIES FADE.
•  Gold rose 1 percent and silver surged on Thursday.
  
  Copper softer on China inflation worries, Copper warehouse inventories rise
  
  U.S. weekly initial jobless claims rise unexpectedly.
  
   U.S. crude oil futures rose on Thursday.
  
  U.S. crude oil futures rose on Thursday after a Sunoco refinery fire in Philadelphia added to concerns about U.S. gasoline supplies. Gold rose 1 percent and silver surged on Thursday, as a combination of dollar weakness. Silver jumped 1.5 percent toward 31-year highs on strong investment buying. Copper fell to its lowest in more than a week on Thursday, as reports of quickening inflation in top consumer China pointed to more monetary tightening.
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• COPPER FALLS IN LONDON TRADE AFTER CHINA REPORT.