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Tuesday, June 7, 2011

MCX Commodities News Letter Today 7 June 2011

GOLD RISES AS UNCERTAINTY GROWS OVER US OUTLOOK.
OIL FALLS FOR A SECOND DAY ON SIGNS SLOWING U.S. ECONOMY CRIMP DEMAND.
COPPER FIRMS ON SOFTER DOLLAR, CHILE STRIFE.
DOMESTIC OIL SEED AND EDIBLE OIL END LOWER.
 MCX Silver Technical Analysis Report Highlights For Today 
Oil fell on Monday in choppy trading on raised expectations that OPEC will raise
production targets this week and on continuing concerns about high prices curbing oil demand. Gold rose to its highest price level in more than a month on Monday, as fears about a slowing economy and expectations of easy U.S. money policies prompted safe- haven demand. Copper climbed on Monday, buoyed by a softer dollar and output disruptions in top world producer Chile.


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