Friday, November 4, 2011

MCX bullion Predictuion, Gold Silver Price, mcx bullion tips

Gold declined for the first time in four days here today but although it rally to a six- week high spurred some investors to sell the metal.
The gold fell USD 8.25, or 0.5% to USD 1,755.57 an ounce. Bullion gained 1.5% yesterday, the most in a week, after the European Central Bank unexpectedly cut interest rates and said Europe is heading toward a "mild recession". 

Silver also fell 0.8% to 34.28 dollar an ounce. It is looking consolidate for last trading session. May be the Europe rising could be a reason.

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