MCX Market Data ~ Commodity Updates Today 01 April 2013

Precious metals prices are trading little changed on COMEX today. We expect a further profit-taking in the prices of bullions on account of a stronger US dollar overseas. 

Industrial metals prices are trading lower on international bourses today. We expect a further decline in the prices of metals on account of a property rate tightening measures by China. Selling on rise is recommended for the day.

Crude oil prices are trading marginally lower today. We expect prices to remain under pressure for the day as Exxon Mobile Corp has shut a pipeline which carries 95,000 bpd to US Gulf Coast which would further increase the inventory build-up in the US, already standing at elevated levels.


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