Tuesday, December 4, 2012
Crude oil pressure is visible. The U.S. Fiscal Cliff and there is growing concern about the poor manufacturing data is visible even under pressure. Fear of recession in the U.S. economy is decreasing the demand for crude oil. Also yesterday, the figures are stores in the U.S. and is expected to grow. Experts say that crude oil will continue to decline and they could slip to $ 80. Currently, 0.1 percent higher on MCX crude oil is trading at Rs 4885.
The glint of gold in the international market is becoming less. In Comex gold to $ 1,700 an hour break. However, at the moment Comaks gold is trading above $ 1,708. With a decline of 0.5 per cent on MCX gold is trading at Rs 31 120. Slipped nearly 1 per cent to Rs 61,300 while silver has come.
MCX is seeing a decline in base metals. Although copper has accelerated. MCX Copper is trading 0.2 percent higher at Rs 445.20. Aluminum has weakened 0.25 percent. Nickel, lead and zinc from 0.2 to 0.5 per cent is seeing weakness.