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Thursday, June 2, 2011

MCX Bullion Daily News Letter Today 2 June 2011 | MCX Silver Calls

GOLD EDGES DOWN ON EASING GREEK DEBT FEAR.
OIL STEADY ON DISPRUTION ON U.S. SUPPLY.
COPPER DOWN ON CONCERNS CHINA TO TIGHTEN MONETARY POLICY.
DOMESTIC OIL SEED AND EDIBLE OIL TRADE LOWER.
MCX Gold and Silver Technical Analysis and Views Live Charts
Gold rebounded from early losses on Wednesday to a one-month high on safe-haven buying after U.S. manufacturing data for May came in well below forecasts and below the robust April reading. Oil prices fell on Wednesday as concerns that slowing economic growth will curb petroleum demand were reinforced by disappointing reports on U.S. private sector employment and manufacturing. Copper fell on Wednesday, on signs of slowing factory activity in China and Europe, and extended losses after below-consensus jobs and manufacturing data.
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