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Friday, May 20, 2011

MCX Daily Newsletter | MCX Bullion Trend and Strategy

  • GOLD FLAT, SILVER EXTENDS GAINS AFTER COMMODS REBOUND.
  • OIL FIRMER AFTER SURPRISE U.S. CRUDE STOCKS DROP.
  • COPPER FALLS ON DOLLAR, AHEAD OF JOBS DATA.
  • SPICES COMPLEX IMPROVES ON SHORT COVERING, POST MODERATE PROFITS.
    Gold, silver fall on weak U.S. data.
    Copper fell on Thursday.
    LME aluminium stocks come off record high.
    Nickel stocks fell 48 tonnes.
    Oil falls below 100$. Click Here For Daily report Support/Resistance
    Gold and silver fell on Thursday, as weak U.S. housing and manufacturing data and uncertainty about the end of the the Federal Reserve's bond-buying program dragged down commodities across the board. Copper fell on Thursday following a round of weak data suggesting U.S. economic recovery could be stalling, a day after the base metal's biggest gain in two months. U.S. crude oil futures extended losses and Brent crude turned negative as investors digested U.S. jobless claims data released early in the session.
 
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