Friday, June 3, 2011

MCX Commodity market news and trading tips for today

GOLD GAINS FOR SECOND DAY AS US WORRIES MOUNT.
CRUDE OIL FIRMS AS DOLLAR FALLS, OPEC EYES TARGET HIKE.
COPPER DIPS ON GLOOMY US ECONOMIC OUTLOOK.
DOMESTIC OIL SEED AND EDIBLE OIL OFFER UP.

Gold eased but held in sight of four-week highs on  Thursday, supported by concern about the outlook for U.S. growth and the European debt crisis. Copper fell to its lowest in a week on Thursday after U.S. weekly jobless claims fell less than expected, heightening concerns about the world's biggest economy and outweighing a normally supportive weak dollar. Crude oil prices slipped in choppy trading on Thursday, reversing earlier gains, due to an unexpected jump in crude oil inventories in the United States.

Gold eased but held in sight of four-week highs on Thursday 
Copper falls to week low 
Copper inventories hit one-year high  
U.S. unemployment claims fell last week  
Crude Oil slips from earlier gain  

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