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Friday, August 12, 2011

MCX Gold , Silver, Crude Oil and Copper Trading Tips For Today 12 Aug 2011

 MCX Silver falls on poor local demand.

CME Group margin increase in part pressures gold.

Barclays: First gains in crude oil prices since S&P’s downgrade of US long term debt.
Base metals gain on stronger Yuan.

Base metals opened in green zone after witnessing heavy selloff yesterday night whereas LME metal complex up by nearly 3 percent spurred by a stronger Yuan as the People Bank of China fixed the Yuan's mid-point at a record high of 6.3991 versus the dollar.
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