Gold Trend and Crude Oil Trend

Posted by Naresh Tomar on Saturday, June 9, 2012


Bullion Gold Trend :- Gold is even falling faster. COMEX Gold has come down to $ 1600 and MCX gold has been broken at around 4% from its record level. Gold has weakened due to declining demand Investors and retailers. Gold has new record height 2 days ago and gold was close to Rs 30,300. Spot market gold prices had gone up to Rs 30 400. Gold declined in week. Gold has lost 2% this week. Gold price dropped international market due to U.S. Federal Reserve not announced Stimulus. Domestic Market Gold also fell.

Energy Crude Oil Trend :- Crude Oil prices falling strongly on Friday. Crude oil fell in both international and domestic markets. NYMEX Crude Oil had slipped below $ 82/barrel and MCX Crude Oil prices were at Rs 4600. Crude Oil sharp fall primary reason is that United States does not come to announced a relief package. Also investors impoverished economic circumstances due to China falling interest rates. Investors mood also worse because of FITCH was cut Spain's rating. However this week Crude Oil was 1% strong.

MCX Tips for Today

Here we daily post MCX Tips for Today for Bullion Commodity Gold Silver, Energy Crude Oil and Natural Gas and Base Metals - Copper, Zinc, Aluminum, Lead and Nickel Tips trend and trading levels for today.
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