Bullion: Despite a weak global trend, bullion prices in MCX ended higher as a sharp fall in the rupee against the dollar towards the end of session supported domestic prices. Comex Gold futures slipped on Thursday, taking bearish cues from a weaker euro and renewed concerns about the currency bloc's banking crisis ahead of a summit of European leaders. Worries about Europe's financial system have kept pressure on gold at times this year by sending investors worried about holding euro denominated assets into the U.S. dollar.
Energy: U.S. crude futures fell Thursday (MCX Future contracts were trading higher due to deprecation in INR against USD) after an increase in U.S. jobless claims signaled a still sluggish economic recovery. Oil prices typically respond to jobs data, as rising unemployment indicates a slumping economy that will lower fuel demand.
Metals: Copper futures on the MCX were trading with a positive bias, as weak rupee against the US dollar supported prices in the local market, However, gains remained capped, as benchmark contract on the LME moved in a tight range.
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