Home » Posts filed under Gold Tips For Today
Posted by
Unknown on Monday, August 8, 2011
Gold is trading at today's edge. U.S. credit rating decreases have had the most impact on gold prices. Gold has reached record levels on record. On MCX Gold prices have been above 25 thousand. Comaks at $ 1700 per ounce gold price is trading above the level. Domestic market during the past 10-day returns of 10 per cent of gold. While silver is traded on the edge.
MCX Gold Tips 8 August 2011
MCX Gold Buy -25000 - 24950 Stoploss, Target -25 50
Posted by
Unknown on Friday, August 5, 2011
MCX Gold Silver View 5 August :- Talking about gold Comeks currently 1,650 dollars per ounce on gold at 0.4 per cent has come away. 39.3 dollars per ounce of silver at Comeks break the current level is reached. Thursday's profit after the gold - silver has gone up. Comaks gold is trading at 1657 dollars per ounce. On MCX, gold remains close to Rs 24,100. Comaks the Silver prices are up $ 39 per ounce. Silver on MCX is trading below 59,000 rupees per kg.
MCX Silver Tips 5 August 2011
Silver: Sell - 60,000, stoploss - 60700, Target - 58300.
Posted by
Unknown on Wednesday, August 3, 2011
Gold touched a record level of Rs 24,000 today. Gold on MCX is trading above Rs 23,850. Gold prices in international market reached close to $ 1670. With gold - has recovered strongly in with the silver. Silver on MCX is trading close to Rs 60 700.
MCX Gold Tips 3 August 2011
MCX Gold (October futures): Buy - 24100, stoploss - 24010, Target - 24320
Posted by
Unknown on Tuesday, August 2, 2011
MCX Gold View Today :- Since the beginning of dull gold and silver is now being gained. Is 23 176 gold on MCX at Rs. With the silver around 1 per cent is traded at Rs 58 729. MCX gold was trading with about half per cent. Comeks While the gold price has reached to 1630 dollars. Poor economic data in the U.S. and China. But gold is of fast response. In Delhi, prices have reached a new height.
Posted by
Unknown on Thursday, July 28, 2011
Gold prices rose to record highs above $1,625 on Wednesday, with silver and palladium also rallying, as concerns over the prospect of a U.S. default prompted investors to buy precious metals as a haven from risk. Bitterly divided Republicans and Democrats are are scrambling to find common ground with less than a week before the government hits its borrowing limit, with chances of a quick resolution receding after a vote on a deficit plan by Republican Speaker John Boehner was pushed back to Thursday from Wednesday. Failure to lift the debt ceiling by August 2 could trigger a debt default, while a budget plan that flinches from hefty cuts in the deficit could result in a downgrade of the country's top-notch credit rating, analysts said. Spot gold hit a fresh record high of $1,628 an ounce and was up 0.3 percent at $1,623.36 by 1411 GMT. "There is not only uncertainty about a possible downgrade (for the U.S.) but a possible default if the debt ceiling is not increased. That is reflected in gold prices and people are positioning themselves for a worst-case scenario," said Georgette Boele, head of forex and commodities research at ABN Amro. Bullion has gained more than 8 percent in July and has hit six all-time highs in the past ten sessions, as U.S. lawmakers were locked in a standoff over duelling debt plans that offered little prospect for compromise. Source :- Reuters
Oil fell on Wednesday as partisan wrangling over the U.S. debt limit unnerved investors and sent them fleeing from assets perceived to be dependent on growth. Brent fell 33 cents to $117.95 a barrel by 1019 GMT, U.S. oil dropped 58 cents to $99.01, also pressured as an industry report showed crude stocks in the country rose unexpectedly. "The main factor is the debt situation (in the United States), there are fears about growth and the country's AAA rating is under threat," Michael Hewson, analyst at CMC Markets said. A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, piling anxiety onto investors and ordinary Americans hoping for a late compromise to avoid a crippling debt default. Source :- Reuters
Posted by
Unknown on Tuesday, July 26, 2011
Gold rose to fresh record high on Monday as talks over lifting the debt ceiling appeared to be stalling just days before the August 2 deadline, raising the prospect of a debt default :- Spot gold climbed as high as $1,622.49 an ounce versus Friday's high of $1,607.01 and the previous record of $1,609.51 before easing back to $1,614.66 by 0007 GMT, Reuters data showed. President Barack Obama and congressional leaders struggled late on Sunday to break a partisan deadlock on a budget deal and bullion dealers said investors were ditching stocks in favor of safe haven assets, such as gold, until the outcome of talks become clearer. A slightly weaker U.S. dollar at the start of early trading in Asia gave gold its initial lift, though bullion continued to firm even as the greenback later stabilized, according to bullion dealers. Source :- Reuters
Oil Falls in New York After U.S. Lawmakers Fail to Reach Debt Agreement :- Oil declined for the first time in five days on concern a failure to reach a deal on raising the U.S. debt limit may cause the nation to default, threatening the economy of the world’s biggest crude consumer. Futures dropped as much as 1.3 percent after House Speaker John Boehner told Republicans that there’s no agreement on a plan for increasing the ceiling before a default threatened for Aug. 2. Standard & Poor’s has warned there is a 50 percent chance it will lower the U.S. government’s AAA credit rating by one or more levels. Greece’s long-term foreign currency debt was cut three steps by Moody’s Investors Service today. Source :- Bloomberg news
Copper Cushioned by Dollar and Fundamentals :- Copper came under selling pressure on Monday as investors fretted about the risk of debt default in the United States, but the lower dollar, as well as strong supply and demand fundamentals, helped cushion losses. Aluminium used in transport and packaging touched $2,611.75, its highest since June 15, as London Metal Exchange inventory data signalled higher demand. Benchmark copper on the London Metal Exchange traded at $9,640 a tonne in official rings from $9,675 at the close on Friday. The metal, used in power and construction, has traded in a $9,608 to $9,675 range so far on Monday.A bitterly divided Congress has set the United States on a collision course with financial markets as Democrats and Republicans pursue rival plans unlikely to generate the broad support needed to avert a catastrophic debt default. We have a situation where if they don't get an agreement on raising the U.S. debt level that will be bearish for all assets," said Robin Bhar, analyst at Credit Agricole. "But bizarrely the weakening dollar is supporting commodities. Source :- Reuters
Posted by
Unknown on Friday, July 22, 2011
Comaks gold - silver looks down. However, MCX gold at around Rs 23,000 and silver are trading at Rs 58 300. In today's rapidly growing base metals business. Copper has been strengthened around 0.5 per cent.
