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Thursday, September 1, 2011

MCX Commodity Tips Gold , Silver and Copper Tips Today 1 Sep 2011


Spot gold held steady on Thursday, as investors weighed the possibility of further easing moves by the U.S. Federal Reserve after better-than-expected manufacturing and labour market data
After recent data showed plunging consumer confidence, Thursday's batch of numbers suggested a strong rebound in demand for manufactured goods in July and increasing hiring from private employers, easing fears the economy would slip back into recession.
Investors are closely watching a key Fed policy meeting starting Sept. 20 for clues to whether the central bank might launch more stimulus measures for the economy.

MCX Crude oil , Bullion and Agri Commodity Live Call and Report For Today

Oil prices were mixed in Asian trade on Wednesday as forecasts of a spike in US crude stockpiles were offset by geopolitical concerns in the Red Sea, analysts said.
New York`s main contract, light sweet crude for delivery in October, fell 38 cents to USD 88.52 a barrel.
Brent North Sea crude for October delivery gained eight cents to 114.10 USD.
Oil markets were being depressed by the American Petroleum Institute`s (API) prediction yesterday of a jump in crude stockpiles of the world`s largest oil consumer.
 Learn How To Trade in MCX Commodity and Daily

MCX Commodity Newsletter For Today 1 Sep 2011

Technical Report and Call  For Gold/ Silver 
GOLD DIPS, BUT SUPPORTED BY FED OUTLOOK.
CRUDE OIL FALLS FROM TWO-WEEK HIGH IN NEW YORK ON U.S. SUPPLY FORECASTS.
COPPER CLIMBS FOR SIXTH DAY IN LONDON TRADING ON OPTIMISM FOR MORE DEMAND.

 
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