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Posted by
Unknown on Saturday, July 9, 2011
Gold prices on Friday posted their biggest weekly rise since November 2009, achieved after a weak U.S. labor market report renewed fears about the health of the world's biggest economy and spurred safe-haven buying.
U.S. crude oil futures ended 2.5 percent lower Friday, posting their biggest one-day percentage loss in two weeks, as a disappointing jobs report stoked more worries about oil demand. On the New York Mercantile Exchange, crude for August delivery settled at $96.20 a barrel, down $2.47, after trading between $95.60 and $99.18. The losses were not enough to erase gains for the week as oil prices continued to rebound from the four-month lows of late last month after IEA's announcement it was releasing 60 million barrels of government-held oil reserves from members. For the week, front-month crude rose $1.26, or 1.33 percent, from the $94.94 settlement of July 1, extending gains for a second straight week.
Posted by
Unknown on Friday, July 8, 2011
Three days after the rapid decline in silver. MCX silver futures lost more than 1 per cent. Pressure is also traded on international markets. Around 1 per cent silver Comaks doing business with.
MCX Commodity Tips Today 8 July
Crude oil (August Futures): Sell - 4360, stoploss - 4410 and target - 4280
Silver (September Futures): Sell - 54 300, stoploss - 54 800 and the target - 53 200
Posted by
Swati on Thursday, June 30, 2011
Commodity Tips Gold Silver Copper View Today 30 June
Copper View For Today 30 June : -Copper is on our radar today. Copper Lead continues today on the business. In early trade after weak growth in foreign markets has had an impact on the domestic market. Today the Shanghai Futures Exchange Copper has touched the upper level of the last 2 months. The last session on the London Metal Exchange copper touched the 2-month high of $ 9320.
Copper in domestic business environment of fast forward a few sessions of the intact and wear on the copper is 4 per cent in the last 3 sessions. Greek Parliament approved the plan to cut expenses so that Greece is looking to get some relief from distress. So the prospects of Greece moved to the debt crisis in the copper is to move upwards.
Gold and Silver View For Today 30 June :- Gold - silver has lost its strength. After opening up in early trading Ludhkkr gold on MCX is trading 0.25 per cent. Comaks slipped the gold is under $ 1510. The silver in the domestic business has come down to Rs 52,000.
