Friday, May 27, 2011

MCX Trading Tips and news for today 27 May 2011

Crude Oil fell back on Thursday as disappointing U.S. economic data and renewed euro-zone debt worries stoked fresh oil demand concerns. Gold fell on Thursday, led by a fall in euro-priced bullion and after the single European currency came under sudden pressure, but concern about the euro zone debt crisis was expected kept metal prices supported. Copper eased on Thursday amid lingering concerns over weaker Chinese demand, disappointing U.S. economic data and as Greek fiscal woes weakened the euro.

GOLD KNOCKED OFF 3-WEEK PEAK BY SAGGING SILVER.

OIL FALLS AFTER REACHING HIGHEST PRICE IN TWO WEEKS ON U.S. FUEL DEMAND.

COPPER SLIPS DUE TO DEMAND CONCERNS.

DOMESTIC OIL SEED AND EDIBLE OIL TRADE MOSTLY DOWN.

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