MCX Gold, Silver, Copper, Crude Oil Tips Today 28 Feb. 2013

Bullion: Gold futures were down on domestic exchanges noting the rupee's rise against the dollar and the fall in international prices. On the COMEX, gold futures slipped on profit booking. The metal had gained sharply on Tuesday, after US Federal Reserve Chairman Ben Bernanke hinted that the central bank's bond-buying policy will continue.  Metals: Domestic base metal futures were trading lower tracking the strength in the against the US dollar, but rangebound movement in the London Metal Exchange benchmark contract limited the...

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MCX Bullion, Metals, Energy Updates and Tips Today

Bullion: Gold futures were up on domestic exchanges tracking rise in international prices and due to a weak rupee against the dollar. On COMEX, gold futures rose and surpassed the $1,600 an ounce level as concerns over Italian elections boosted safe-haven demand of the metal. The weakness in the dollar against the euro also supported prices. Spot gold prices moved to trade around $15 higher on the day Tuesday as investors digested comments from Federal Reserve Chairman Ben Bernanke as encouraging for gold-bullish loose monetary policy.  Metals:...

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MCX Gold, Silver, Copper, Crude Oil Updates Today 26 Feb. 2013

Bullion: Gold futures were up on domestic exchanges tracking rise in international prices, but a firm rupee against the dollar limited the gains. On COMEX, gold futures rose due to weakness in the dollar against the euro and on bargain buying after the recent fall in prices.  Metals: Base metal futures on MCX were trading lower tracking firm rupee against the dollar, but mild upward correction in benchmark contracts on London Metal Exchange limited losses. LME contracts moved higher today on bargain buying, but demand concerns and release...

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Weekly MCX Commodity Market Upadtes and Tips

Gold firmed on Friday, extending gains from the previous session as lacklustre U.S. data bolstered hopes that the Federal Reserve's monetary stimulus would stay in place, though prices were headed for a second straight weekly drop. Premium in gold traded in the Shanghai market over prices in global market stood at nearly $20 an ounce, compared with lower single-digit premiums at the end of 2012, indicating strong buying from China, the world's second-largest gold consumer, he added. Spot gold rose nearly half a per cent to $1,582.54 an ounce...

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