Gold prices rose on Tuesday as investors spooked by talk of a Greek debt default and contagion to other euro zone countries sought safety while a softer dollar also helped. Copper climbed nearly 1 percent on Tuesday as the euro rose against the dollar on hopes European leaders will cobble together a deal to stop Greece from default, but concerns about demand prospects persisted. Crude Oil reversed early gains on Tuesday, turning negative in a bout of profit taking ahead of the expiry of the front-month U.S. crude futures contract.
Gold gains as Greek crisis bubbles
Copper climbed nearly 1 percent on Tuesday
China's copper imports drop to 30-month low in May
Oil turns negative on profit-taking
Dollar slips against Euro
MCX GOLD (AUG)
R2: 22950
R1: 22750
S1: 22500
S2: 22320
Trend: Consolidate
Strategy: Buy on dips
MCX COPPER (JUNE)
R2: 417
R1: 408
S1: 398
S2: 390
Trend: Consolidate
Strategy: Buy on dips
Gold gains as Greek crisis bubbles
Copper climbed nearly 1 percent on Tuesday
China's copper imports drop to 30-month low in May
Oil turns negative on profit-taking
Dollar slips against Euro
MCX GOLD (AUG)
R2: 22950
R1: 22750
S1: 22500
S2: 22320
Trend: Consolidate
Strategy: Buy on dips
MCX COPPER (JUNE)
R2: 417
R1: 408
S1: 398
S2: 390
Trend: Consolidate
Strategy: Buy on dips
