Social Icons

Saturday, May 21, 2011

MCX Bullion Weekly report 23 mat to 28 may 2011

Gold rose 1.5 percent on Friday, its biggest daily gain in two weeks, on safe-haven buying as investors fretted about euro zone debt after Fitch cut Greece's credit ratings. Oil rose in thin, volatile trading on Friday, bouncing back from sharp mid-session losses as traders struggled to set a clear direction in a market buffeted by new euro zone concerns and mixed signals on demand. Copper closed the trading week on a stronger footing on Friday, touching its highest in more than two weeks as evidence of strengthening Chinese demand gave values a firm boost.
MCX Gold and Silver Prediction FREE Tips | Weekly REPORT Click Here
Volatile Crude oil ends higher
Dollar index, euro choppy amid Greece debt woes
Gold jumps 1.5 pct on euro zone debt fears
Silver ETF holdings drop over 2 pct
LME aluminium inventories fall Read More about Silver Again 60000

MCX Commodities Highlights Today | MCX Weekly Analysis

Increased concern over the economic situation of European countries, prices of gold and silver came in the fast Ratings agency Fitch lowered the rating of Greece.
Gold reached higher level week on Friday. On COMEX the gold closed AT$ 1509. Silver was also 0.5 per cent faster. Silver closed at $ 35.
On Friday, crude oil prices had been strong. However, the dollar showed the pressure on crude oil . MCX Silver will Reach again 60000 Read More
NYMEX 0.3 percent climb over $ 99 a barrel crud,.
China gold demand and investment to India has left behind. This year in China from January to March between the gold bars and coins is increasingly in demand. China during the 93 tons of gold bars and coins have shopped more. Which has doubled since last year.
MCX Commodities FREE Tips on Mobile 
Customers 4.9out of 5.0 based on 33045 user ratings