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Thursday, July 7, 2011

MCX Daily Commodity Newsletter For Today 7 July 2011

Bullion Trend
Bullion Trend All over the trend Bullish.Global gold prices traded flat as markets consolidate.
Basemetals News
As LME bourse slipped after People's Bank of China announced plans to raise benchmark interest rates by 0.25 percentage point, domestic prices of Multi Commodity Exchange.
Crude Oil News and Trend
Crude Oil Trended down sharp 1% on MCX, Its Trend all bears on NYMEX counter.
NCDEX Agri Trend
Guar futures ended down with nearly one per cent losses on National Commodity and Derivatives Exchange (NCDEX) Wednesday on profit booking.Guar seed July contract ended at Rs 3,738.
General News
Trade was muted by the United States Independence Day holiday despite negotiations between the Libyan government and rebels and Greek debt concerns.
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