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Friday, November 18, 2011

MCX Commodity Live News Analysis and Copper , Silver and Gold Tips

On MCX Copper is trading up nearly 1 percent. Copper on the London Metal Exchange has been buying in the lower level. Price of copper on the London Metal Exchange has risen around $ 7,500 per tonne. However, the impact of European debt crisis hitting the world economy is feared.

19 per cent of world copper consumption is in Europe. LME copper this year declined by 22 per cent. Despite falling prices on LME copper stocks fell. The London Metal Exchange copper has lower levels of inventory to 9 months. Rupee against the dollar in the domestic market has reached 32-month low. In such a situation remains confusion over copper.
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MCX Commodity live News | Gold Silver Intraday Call

Yesterday Gold fell to a one week low on Thursday as fears that the euro zone debt crisis could spread from peripheral to core economies kept investors nervous and prompted some to liquidate profitable positions to cover losses in other asset classes.
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Commodity Daily Newsletter For 18th November 2011

GOLD DOWN 1 PCT ON EURO ZONE DEBT FEARS.
OIL FELL FROM A FIVE-MONTH HIGH ON SIGNS EUROPE CRISIS SPREADING.
LONDON COPPER DOWN ON EURO ZONE C.BANK SPAT.
INDIAN SPICES COMPLEX TRADE BEARISH.
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