Tuesday, September 11, 2012

Commodity News and Copper Updates For Today

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Commodity News Today

News and Commodity trend says that bullish movement in MCX gold has now stopped before the Federal Reserve's meeting. Gold and silver prices in the spot market has declined. MCX Gold is trading at a perfect flat mode on Rs 31900 levels. MCX silver with 0.15 per cent to Rs 64,000 is exceeded. In the domestic market on Tuesday declined to Rs 31890. The silver was down by 0.26 per cent to Rs 63815 with osteoporosis.
International market is gained in gold and silver. Comex Gold is a light up by 0.15 per cent and trading at $ 1735, while COMEX silver is trading above $ 33 per ounce rose nearly 0.5 per cent.
NYMEX crude oil is trading with a slight decline, although prices have risen beyond $ 97 a barrel. MCX crude oil on Tuesday, with around 0.5 per cent, to close at 5352.

Copper Updates

Copper on the London Metal Exchange is trading with the light speed. Copper in the domestic market on Tuesday declined marginally to Rs 452. MCX is seeing a slight decline in base metals. Copper updates suggest a flat trend in Red metal. Copper had a strong resistance at 456 level to break and a crucial support at 448 level. Updates and trend suggest a buy in MCX Copper.
 

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