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Tuesday, May 31, 2011

MCX Daily Newsletter 31 May 211 | MCX Technical Analysis Views

GOLD STEADY ON GREECE DEBT FEAR; SHANGHAI MARGIN WEIGHS.
OIL DROPS ON SPECULATION FUEL DEMAND FALTER AS U.S. ECONOMY WEAKENS.
SHANGHAI COPPER FALLS; GLOBAL ECONOMY WORRIES WEIGH.
MOST SPICES TRADE WEAK, TURMERIC FUTURES MOVES MODERATELY UPWARDS.MCX Silver and Gold Technical View Click Here

 The dollar hovered near a two-week low against a basket of currencies.
Gold steady on Greece debt fear.
Brent crude oil fell below $115 a barrel on Monday.
Silver rose as much as 1.3 percent to $38.36.

Gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, whilesilver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment in check. Shanghai copper fell on Monday on technicals, European debt problems and uncertainty about the monetary policies of the United States and China, on track for a 1 percent loss in May.
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