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Thursday, March 10, 2011

MCX Commodity Market News | Support and Resistance for Today 10 march 2011

Hot commodity market News
Gold was little changed on Wednesday 9 march 2011 as investors booked profits, erasing earlier
gains driven by intensifying political unrest across North Africa and the Middle East and
renewed worries over euro zone debt. Copper fell on Wednesday as strengthening
crude oil prices kept investors worried that inflationary pressures could hit economic
growth and demand. U.S. crude inventories rose much more than expected last week
as imports rose.
Gold underpinned by raging violence in Libya
Copper loses ground on stronger oil price
LME stocks of copper fall
Zinc falls almost 5% on Wednesday
 Base metals tumbles on Wednesday
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