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MCX Tips: Trade in Bullions Today

The weakening dollar turned as a blessing in disguise for the crude oil futures and they ended higher on Thursday, mostly on bargain hunting. Though, any sharp gains were restricted, as markets are already oversupplied amid the prospect of Iran’s oil coming online. Investors were also concerned over the outlook for the Chinese economy with fears of muted demand growth for crude oil. China is the second largest energy consumer in the world.

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