Friday, June 24, 2011

MCX Commodity Market Report and Trading Tips Today

NEWS HIGHLIGHT
GOLD DECLINES AS FED SHYS AWAY FROM FURTHER STIMULUS, DOLLAR STRENGTHENS.
CRUDE DECLINES ON DEMAND CONCERNS AFTER FED LOWERS U.S. ECONOMIC FORECAST.
COPPER RETREATS AS LACK OF STIMULUS HINT BUOYS DLR.
DOMESTIC OIL SEED AND EDIBLE OIL TRADE LOWER.

Gold was set for its biggest daily fall in over a month on Thursday after a surprisingly large rise in weekly U.S. jobless claims hit investor risk appetite, pummelling commodities and stocks and boosting the dollar. Copper fell on  Thursday on a stronger dollar and concerns about demand in the United States after the Federal Reserve cut its forecasts for economic growth in the world's largest economy.

Gold tumbles 2 pct as dollar surges  
The euro fell 1.0 percent against the dollar  
U.S. jobless claims rise more than expected 
Crude oil dives to lowest since Feb 
Copper falls on dollar, growth concerns

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