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Friday, March 11, 2011

mcx tips for today | MCX Support and Resistance for today | base metals, bullion tips for 11 march 2011

Market Analysis for Today

Gold falls 1.5 pct as oil, equity markets tumble .
Copper falls on demand concerns .
U.S. jobless claims rise 26,000 last week .
U.S. dollar index up versus Euro.
Base metals tumbles on Thursday .
Oil falls and made new low of 100.5$ .
Gold lost 1.5 percent on Thursday, set to post its biggest one-day loss in about six .
weeks, as investors sold bullion to cover hefty losses in equity and other commodity .
markets. Copper fell on Thursday after weak Chinese import data cast doubt on .
demand from the world's top consumer of the metal and data showed jobless claims in .
the United States rose more than expected. 
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