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Saturday, July 23, 2011

MCX Commodity weekly Report 25 July To 30 July 2011

MCX-NCDEX Weekly Report 
Yesterday's Market Hot News
MCX Copper August contract opened at 432 on Friday and is up by 17% at early morning trade on news of strike at Escondida, the worlds largest copper mine. Gold remained steady in Asian trade Friday after European leaders agree on a deal to offer fresh aid to Greece.
Analysts said the precious yellow metal is likely to move towards a weak finish for the week as investors keep an eye on the progress made in U.S. debt talks.
Gold for August delivery declined $9.90, or 0.6%, to settle at $1,587 an ounce on the Comex division of the New York Mercantile Exchange, its lowest price in a littlemore than a week.
Gold and Silver Weekly Chart and Technical report
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