MCX Tips, Trend and Prediction for today
1. Now Mixed trends in Base metals as well as
precious metals.
2. MCX Precious Metals are expected to Low.
3.
MCX Crude Oil price are expected to low.
4. MCX GOLD likely to
move Lower Gold trade up.
MCX Gold and silver will trade in low at closing
time today.
MCX Precious metals today's evening round up play in
low.
Commodity Market(MCX Bullion) News today 25 feb 2011
Advanced Tips Of The Day- Analysis the commodity market Before Trading.
Bullion Market News
MCX Gold strayed under Rs 20900 per 10
grams levels in the afternoon today as the commodity maintained its
bearish undertone in the global markets.
The US dollar also
recovered in the London trades and kept advances in Gold under check.
The yellow metal witnessed a mixed action in overnight trades. Prices
were seen facing consistent selling pressure and despite a late
rally, ended up just $1.95 or 0.14 to $1415.10 per ounce in the floor
trades in New York.
Gold was supported by a falling dollar but
the sentiments seemed to have taken a major hit after crude oil
dropped nearly five dollars from its highs above $103 as Saudi
Arabia, the world's biggest oil exporter and OPEC's de facto leader,
turned in to fill the gap caused by the disruption in Libya.
The Asian moves today witnessed a major
slide in Gold as traders booked profits on growing likelihood that a
near term top has been placed around levels close to $1420 yesterday.
The equities in Asia also edged higher and DOW futures clocked a
gain of nearly 50 points, keeping the undertone in the yellow metal
depressed. The COMEX futures are quoting at $1402.60, down $13.20 per
ounce on the day, though $1400 per ounce levels acted as a stiff
support today.
MCX Gold futures opened sharply lower today and
drifted under Rs 20900 per 10 grams. The counter reversed losses from
a low of Rs 20800 but remained under stress. MCX Commodity Tips | MCX Bullion Trend
