Social Icons

Wednesday, June 1, 2011

MCX Commodity Daily News Letter 1 June 2011 | Gold and Silver Tips

GOLD STEADIES NEAR 4-WEEK HIGH; GREECE IN FOCUS.
OIL GAINS FOR SECOND DAY ON KEYSTONE PIPELINE, U.S. CONSUMER CONFIDENCE.
COPPER HITS FOUR-WEEK HIGH AS EURO GAINS.
DOMESTIC OIL SEED AND EDIBLE OIL EDGE UP.   
Technical Views of Gold and Silver Click Here
Gold holds near 4-week high.
Silver set for worst monthly slide since 2008.
Drop in the dollar against the euro.
Oil jumped by more than $2 on Tuesday.
Copper hits four-week high.
LME aluminium stocks fell 3,525 tonnes.
Gold steadied around its highest in nearly four weeks on Tuesday, but surrendered earlier gains after a report that Germany could smooth the way for Greece to get a bailout. Copper rallied to a four-week high on Tuesday, supported by a firmer euro after expectations mounted that a second aid package for Greece would get the go-ahead and after a series of poor U.S. data.
MCX Gold and Silver FREE Tips/Call on Mobile 
 
Customers 4.9out of 5.0 based on 33045 user ratings