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Wednesday, June 15, 2011

MCX Commodities Daily Newsletter for Today 15 June 2011

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Yesterday's Highlights
GOLD DECLINES AS INVESTORS COVER LOSSES IN COMMODITIES, EQUITIES.
OIL FALLS MOST IN FOUR WEEKS ON SAUDI ARABIA’S PLAN TO INCREASE PRODUCTION.
COPPER FALLS, CAPS BIGGEST WEEKLY LOSS IN A MONTH, AS CHINA IMPORTS DROP.
DOMESTIC OIL SEED AND EDIBLE OIL TRADE MARGINALLY LOW.
Gold rose on Tuesday after a flurry of inflation data signalled a continued increase in price pressures, while this week's near-1 percent decline in the bullion price enticed some physical buying.
Renewed concern about Greece and its ability to fund itself remained on the boil, while U.S. wholesale prices rose again in May and consumer spending staged its first drop in 11 months, fanning existing concern about the world's largest economy.
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