Thursday, June 23, 2011

MCX Commodity (GOLD, COPPER, CRUDE) Report & Tips Today

Precious metals are trading lower on COMEX today.
Base metals are trading lower on international bourses today.
Crude oil is trading lower on NYMEX today.

Gold prices furthered their gaining momentum for the seventh consecutive session to attain a fresh seven-week high level on Wednesday. Copper prices settled on a weak note on Wednesday after the Federal Reserve's downbeat assessment of the world's biggest economy. The metal's prices have wilted over 10% from a record high of $10,190 which was hit in mid-February. Crude oil prices added gains on Wednesday and ended more than 1 percent higher on reports of falling inventories in the United States and after the Federal Reserve left interest rates low.

Gold futures for August delivery advanced by $7.20, or 0.5%, to settle at $1,553.60 an ounce, after trading as high as $1,559.30 and as low as $1,542, on the Comex division of the New York Mercantile Exchange.
Copper for three-month delivery on the LME declined $60 to end at $9,020 a tonne.
Crude oil for August delivery rose $1.24, or 1.32 percent, to settle at $95.41 a barrel. In London, Brent crude for August rose 91 cents to $111.86 a barrel on the ICE.