Wednesday, September 5, 2012

Gold And Copper Updates| MCX Gold Tips

Gold Updates

Latest updates are suggesting that Gold today has again set a new record. MCX Gold is reaching new record levels 31524 rupees per 10 grams. In the spot market price of gold has gone beyond Rs 31850. COMEX gold reached a level of $ 1,698 per ounce on, which is the highest level in 6 months. Currently MCX Gold is trading at 31474 up by 24 points form its previous close.
However, in today's business due to weakening of the euro against the dollar, gold seems sluggish. Also on Tuesday, the U.S. economic figures are even worse was the pressure on gold. In August, the U.S. manufacturing figures are the lowest in 3 years.

Copper Updates

Copper is the second best options for trading after gold in today's trading. Due to a bullish trend on LME Copper is looking to get 434 level in today's trading session. Latest Copper Updates suggest that Oscilators are in buying side for MCX Copper. Technical reports are also favouring a bull trend in MCX Copper. It has a strong resistance at 434 level and a crucial support at 427 level. Copper Updates are one can go for a buy above 430 level to get 434 as a target.

MCX Gold Tips

MCX Gold Tips for today is Gold is still in a buying bucket. Even market sentiments are also recommending a buy in MCX Gold. MCX Gold Tips is to buy on lower side.

Copyright © MCX NCDEX Commodity Tips Design by O Pregador | Blogger Theme by Blogger Template de luxo | Powered by Blogger