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Gold & Crude Updates, Daily Commodity News

International Crude Update
U.S. crude oil futures rose in early Asian trade on Monday after the Greek parliament approved a deeply unpopular austerity bill to secure a second bailout from the European Union and International Monetary Fund and avoid a messy default.

On the New York Mercantile Exchange, crude for March delivery gained 63 cents to $99.30 a barrel as of 0017 GMT. In London, ICE March Brent crude climbed 54 cents to $117.85.

Gold Updates
Gold strengthened on Monday in line with gains in shares and the euro after Greece's parliament finally approved a deeply unpopular austerity bill to secure a second bailout from the European Union and the IMF to avoid bankruptcy.

Physical buying from China also helped lift gold up$6.10 an ounce to $1,725.49 by 0236 GMT. Bullion fell to $1,703.69 on Friday, its lowest since late January, as uncertainty over negotiations for Greece's bailout package prompted investors to cash in. The Greek parliament approved on Monday the deeply unpopular austerity bill, while serious violence broke out on the streets of Athens and spread across the country.

Gold Update, Crude Oil Update, Commodity Update,  MCX Tips
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