MCX Bullion and Basemetals newsletter highlights
Gold rises to record above $1,450 on inflation fears .
Silver hits 31-year peaks.
Copper rose on Tuesday on prospects for improved demand in Asia .
Copper in LME warehouses at highest since July.
Oil prices rose to 2-1/2 year highs .
Lead hits new multi week high .
Gold prices rose to an all-time highs above $1,450 an ounce on Tuesday, as new peaks in crude oil and grains fueled inflation fears and a downgrade of Portugal's credit rating fed safe-haven demand. Silver has outperformed gold in recent months, rising 22 percent in the first quarter compared with gold's 0.7 percent. Copper rose on Tuesday on prospects for improved demand in Asia, recovering from losses earlier in the day after China announced an interest rate hike. Oil prices rose to fresh 2-1/2 year highs on Tuesday, with Brent crude topping $122 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October.
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