Social Icons

Friday, September 9, 2011

MCX Gold Tips and Market hights for today

Gold demand, which dropped in the second quarter of this year, is expected to strengthen by the end of 2011, driven by robust jewellery buying in India and China and recovery in investment demand, senior World Gold Council (WGC) officials said.

Overall gold demand fell 17 percent year-on-year in the three months from April to June to 919.8 tonnes, hammered by a sharp drop in investment demand which offset a tentative recovery in jewellery buying, the gold mining industry-funded WGC said in August.

MCX and Comex Gold Silver Highlights and Global Report For Today

Gold on MCX and COMEX
Bullish trend in gold remains intact.  On COMEX gold is close to $ 1880 With 1.5 per cent up. MCX Gold also made up record of Rs 28,300.
Barack Obama's announcement
U.S. President Barack Obama's announcement of measures to boost the economy in the markets does not show much enthusiasm.
The decline in the rupee is due to the boom in gold. Rupee against the U.S. dollar has reached 1-year lows.
Silver on MCX
In addition to gold, silver prices have also been strengthened. COMEX Silver is close at $ 43. The MCX silver is trading above Rs 66 200.

MCX Crude Oil and Copper trading Tips For Today

Copper Tips news updates for today
on Thursday Copper future prices closed around 425 up with Rs.2.5 Today chart analysis report seeming to same. copper price has good fundamental rumors and due to global data copper will trade upper side today.
Crude Oil report highlights and Tips
Crude oil futures fell in choppy trading on Thursday, as investors weighed U.S. government data showed that domestic crude inventories fell
much more than expected last week against prospects of more bad weather in the Gulf of Mexico.

MCX Commodity Daily Newsleter For Today | Support and Resistance 9 Sep 2011

GOLD RAISES 2 PCT AFTER ECB LEAVES RATES UNCHANGED.
CRUDE OIL IN NEW YORK TRADES NEAR 5-WEEK HIGH BEFORE U.S. INVENTORY DATA.
COPPER EDGES DOWN, TRACKS FALL IN EQUITIES.
DOMESTIC OIL AND OILSEED TRADE HIGH ON SHORT COVERING.

 
Customers 4.9out of 5.0 based on 33045 user ratings