Monday, September 12, 2011

MCX Commodity Tips- Gold, Silver, Copper and Crude Updates Today

Gold prices can open on negative path tracking weak international cues as the rise in green back and expectation of some stimulus from the fed in upcoming meeting is prompting investors to book profit at higher levels. Gold can trade in range of 27,600-28,500 in near term. Base metals may remain in tight range amid mixed fundamentals. Crude oil prices can slide further tracking weak overseas cues.

Gold prices have receded further on Monday despite the plunge in equities and the risk aversion sentiments. Copper prices have fallen on Monday after witnessing a good move in last session. Crude prices have declined further as the dollar strengthened against Euro after the latest jitters in the euro-zone. 

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.

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