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Friday, June 24, 2011

MCX Commodities Daily Newsletter for Today 24 June 2011

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  1. GOLD DECLINES AS FED SHYS AWAY FROM FURTHER STIMULUS, DOLLAR STRENGTHENS.
  2. CRUDE DECLINES ON DEMAND CONCERNS AFTER FED LOWERS U.S. ECONOMIC FORECAST.
  3. COPPER RETREATS AS LACK OF STIMULUS HINT BUOYS DLR.
  4. DOMESTIC OIL SEED AND EDIBLE OIL TRADE LOWER.
Gold was set for its biggest daily fall in over a month on Thursday after a surprisingly large rise in weekly U.S. jobless claims hit investor risk appetite, pummelling commodities and stocks and boosting the dollar. Copper fell on Thursday on a stronger dollar and concerns about demand in the United States after the Federal Reserve cut its forecasts for economic growth in the world's largest economy.
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