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.
