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SOVEREIGN DEBT CONCERNS HELP BUOY GOLD PRICES.
OIL SLIPS ON STRONGER DOLLAR, U.S. GASOLINE STOCKS.
LME COPPER DOWN ON STRONGER DOLLAR AHEAD OF U.S. DATA.
DOMESTIC INDIAN TURMERIC AND PEPPER TRADE UP, INDIAN JEERA TUMBLES.
Gold was set for a second daily rally on Wednesday, having erased earlier losses when U.S. equities tumbled in opening trade following downbeat U.S. economic data and as the Greek debt crisis escalated. Copper eased on Wednesday due to a strong dollar and patchy U.S. data that fuelled worries the world's top economy could be entering a protracted soft patch with rising inflation. Brent crude fell on Wednesday from a five-week high on concerns about the health of the European and U.S. economies and as the dollar rose following a higher-than-expected U.S. inflation report.
MCX-NCDEX Tips FREE Subscription
SOVEREIGN DEBT CONCERNS HELP BUOY GOLD PRICES.
OIL SLIPS ON STRONGER DOLLAR, U.S. GASOLINE STOCKS.
LME COPPER DOWN ON STRONGER DOLLAR AHEAD OF U.S. DATA.
DOMESTIC INDIAN TURMERIC AND PEPPER TRADE UP, INDIAN JEERA TUMBLES.
Gold was set for a second daily rally on Wednesday, having erased earlier losses when U.S. equities tumbled in opening trade following downbeat U.S. economic data and as the Greek debt crisis escalated. Copper eased on Wednesday due to a strong dollar and patchy U.S. data that fuelled worries the world's top economy could be entering a protracted soft patch with rising inflation. Brent crude fell on Wednesday from a five-week high on concerns about the health of the European and U.S. economies and as the dollar rose following a higher-than-expected U.S. inflation report.
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