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Monday, January 16, 2012

MCX Commodity Updates Today: Gold Silver Trend

The buying sentiment is being seen in precious metals. MCX Gold ended with slight gain on weekends and ahead of US holiday, precious metals are witnessing less volatility. MCX Gold Feb contract rose by 0.10% and currently trading above 27530 level. Prices are expected to reach 27650-27700 today.
Silver has gained over 0.40% and trading above 52350. Traders can buy silver around the same level and can wait for the levels of 52500-52700.
Crude oil is now recovering from last few days downfall. It is now trading near 5120 level. A trade with volume above 5159 would bring back the bullish momentum in crude oil prices.
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