Friday, December 9, 2011

MCX Gold, Silver, Copper, Crude Updates and Trading Tips

Yesterday MCX Gold, Silver, Copper, Crude and other base metals were closed at negative price. Today both precious metals MCX Gold and Silver are trading at positive price. All base metals are trading at higher levels today. MCX Crude and Naturalgas are trading at lower price today. MCX Gold is trading above Rs. 29,100 and MCX Silver is trading above Rs. 56,700. We assume that all are trading same for the day. MCX Copper again touch the high level of Rs. 415 and low level of Rs. 405.

MCX Crude and Copper Updates:
Crude oil prices were mixed in Asia on Friday after the European Central Bank (ECB) announced it would cut its main interest rate. We expect gold and silver prices to trade higher in today trading session. Base metals are also expected to trade with a positive bias today. We expect Crude oil prices to trade with a negative bias.