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Friday, June 3, 2011

MCX Bullion Daily News Letter Today 3 June 2011

GOLD GAINS FOR SECOND DAY AS US WORRIES MOUNT.
OIL FIRMS AS DOLLAR FALLS, OPEC EYES TARGET HIKE.
COPPER DIPS ON GLOOMY US ECONOMIC OUTLOOK.
DOMESTIC OIL SEED AND EDIBLE OIL OFFER UP.

MCX Live News and Technical Report of Gold and Silver
Gold eased but held in sight of four-week highs on Thursday, supported by concern about the outlook for U.S. growth and the European debt crisis. The dollar has fallen to its lowest in a month against a basket of currencies. Copper fell to its lowest in a week on Thursday after U.S. weekly jobless claims fell less than expected, heightening concerns about the world's biggest economy and outweighing a normally supportive weak dollar. Crude oil prices slipped in choppy trading on Thursday, reversing earlier gains, due to an unexpected jump in crude oil inventories in the United States.
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