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Old 07-12-2012, 03:29 AM   Nav to Top  #21
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Gold prices are expected to remain weak in the near term on risk aversion and strength of US Dollar against major currencies.

At Comex Gold August Futures have fallen to $1571 an ounce on Thursday trade as Federal Reserve looks unlikely to launch the third round of monetary easing to shore up growth. The dollar stood close to a two-year high against a basket of major currencies pushing the euro to a two-year low after minutes from a Federal Reserve meeting dashed hopes of policy easing moves anytime soon

Gold touched a high of $1582.80/oz and closed at $1576.29/oz in yesterday’s trading session. On the MCX, Gold August contract however, declined 0.6 percent and closed at Rs.29,265/10 gms after touching a low of Rs 29,225/10 gms on Wednesday.
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Old 07-13-2012, 12:20 AM   Nav to Top  #22
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Crude Oil News:- Crude oil inventory has fallen in the United State due to which the crude oil is under selling pressure in the market.In overseas market the crude oil fell below the 100 US dollars per barrel today. The on going economic conditions in Europe forced the currency to trade on lower sides. With a fall in Euro the crude oil prices also slipped in the market.The Crude oil will continue to trade on lower side, Experts said.Brent crude fell 90 cents to USD 99.33 by 0927 GMT, while US crude was at USD 84.95, down 86 cents.

Crude oil Tips for Today 13 July 2012:- Crude oil at Multi commodity exchange will bahave as it will trade in the global market. Hence we would recommend you to trade in MCX crude oil July on Friday with Support of 4670, 4720 & Resistance of 4790, 4830.
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Old 07-14-2012, 02:16 AM   Nav to Top  #23
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GOLD
Gold rose about 1.5 percent on F riday, boosted by sharp rallies in equities and commodities after data showed that China’s economic growth, though slower, was stronger than some had expected.
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Old 07-16-2012, 02:49 AM   Nav to Top  #24
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  • Gold traded little changed on Monday
  • U.S. crude futures rose in early Asian trade on Monday
  • London copper edged down on Monday

SPOT GOLD
Spot gold edged down 0.2 percent to $1,587.19 an ounce by 11.25 p.m. EDT on Sunday, after rallying 1 percent on Friday.
U.S.GOLD
U.S. gold futures contract for August lost 0.3 percent to $1,587.10.
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Old 07-17-2012, 06:44 AM   Nav to Top  #25
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GOLD
Gold edged higher on Tuesday ahead of Federal Reserve Chairman Ben Bernanke’s Congressional testimony, which is expected to provide clues on whether the U.S. central bank will launch further monetary stimulus.

SPOT GOLD
Spot gold inched up 0.2 percent to $1,593.21 an ounce by 2305 EDT.

COPPER
Copper slipped on Monday, pressured by a decline in U.S. retail sales, worries over Europe’s crisis and by investor concerns over whether a presentation by the U.S. Federal Reserve chairman this week will yield any clues on monetary easing.

OIL
Oil prices rose for a fourth straight session on Monday, lifted by hopes that signs of economic slowing will prompt stimulus measures, especially in China.
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Old 07-17-2012, 11:23 PM   Nav to Top  #26
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New York based Citibank has trimmed its this year price forecast for gold, silver, copper and aluminum.

The bank now looks for gold to average $1,643 an ounce, down from an earlier forecast of $1,718.

“The global commodity team lowered their gold price assumptions to reflect the impact of a stronger U.S. dollar even though the global macro uncertainty and fiscal turmoil should be supportive,” they added. The silver forecast was revised to $30 an ounce from $31.
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Old 07-19-2012, 05:05 AM   Nav to Top  #27
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Commodity Market Outlook :19-07-2012
Gold slips as euro falls and after Fed disappoints

Silver was down 0.8 percent at $27.09 an ounce

Copper up on U.S. housing; demand fears cap gains

Euro drops versus dollar on Merkel comments

Brent crude oil rose on Wednesday[/list]
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Old 07-20-2012, 01:52 AM   Nav to Top  #28
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GOLD
Gold hovered near $1,580 an ounce on Friday, retaining gains from the previous session as weak U.S. economic data improved the outlook for more monetary stimulus from the Federal Reserve which would drive investors to bullion.
SPOT GOLD
Spot gold was little changed at $1,582.19 an ounce by 0039 GMT, on course for a weekly loss of about 0.5 percent
U.S.GOLD
U.S. gold futures contract for August delivery inched up 0.1 percent to $1,582.
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Old 07-21-2012, 02:25 AM   Nav to Top  #29
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GOLD
Gold hovered near $1,580 per ounce on Friday as investors clung to hopes for more monetary easing from the U.S. central bank after weak data in the previous session, but a dollar rebound will likely cap gains.

COPPER
London copper prices edged down on Friday, weighed down by China’s warning against relaxing curbs on the property sector, a move many investors favour as a quick way to boost domestic consumption.

SHANGHAI COPPER
The most active November copper contract on the Shanghai Futures Exchange fell 0.6 percent to 55,910 yuan ($8,800) per tonne, pushed down by Shanghai equities amid thin trading volumes. Shanghai copper is up 0.8 percent on the week.
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Old 07-23-2012, 04:15 AM   Nav to Top  #30
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DOLLAR
The dollar index rose 0.3 percent to 83.69, extending Friday’s 0.7 percent gain.
EURO
The euro bought 95.10 yen, having fallen as far as 94.88, a trough not seen since November 2000. Against the greenback, it hit a 25-month low around $1.2103
NIKKEI
The Nikkei was trading 1.4 percent lower at 8,551.76, after touching 8,544, its lowest level since June 14.

U.S.CRUDE
.S. crude fell $1.32 to $90.51 per barrel.
OIL
Oil prices fell more than $1 a barrel on Monday on renewed fears about Europe’s debt crisis after tiny Murcia was on course to become the second Spanish region to request for financial assistance from the central government.
GOLD
Gold edged lower on Monday under the pressure of a stronger dollar, as investors fretted about Spain’s finance after its Valencia region said it might need help from Madrid.
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