Gold was set for a second daily rally on Wednesday, having erased earlier losses when U.S. equities tumbled in opening trade following down beat U.S. economic data and as the Greek debt crisis escalated. Copper eased on Wednesday due to a strong dollar and patchy U.S. data that fuelled worries the world's top economy could be entering a protracted soft patch with rising inflation. Brent crude oil fell on Wednesday from a five-week high on concerns about the health of the European and U.S. economies and as the dollar rose following a higher-than-expected U.S. inflation report.
Gold was set for a second daily rally on Wednesday
Copper eases on dollar, U.S. economy worries
The dollar extended gains against the euro
U.S. core consumer inflation rose
Oil falls over 2 pct on economy worries
MCX SILVER (JULY)
R2: 55150
R1: 53800
S1: 52200
S2: 50700
Trend: Consolidate
Strategy: Buy on dips
MCX CRUDE OIL (JUNE)
R2: 4515
R1: 4435
S1: 4280
S2: 4210
Trend: Consolidate
Strategy: Buy on dips
Gold was set for a second daily rally on Wednesday
Copper eases on dollar, U.S. economy worries
The dollar extended gains against the euro
U.S. core consumer inflation rose
Oil falls over 2 pct on economy worries
MCX SILVER (JULY)
R2: 55150
R1: 53800
S1: 52200
S2: 50700
Trend: Consolidate
Strategy: Buy on dips
MCX CRUDE OIL (JUNE)
R2: 4515
R1: 4435
S1: 4280
S2: 4210
Trend: Consolidate
Strategy: Buy on dips
