MCX Data
Jobless Claims in US declined by 12,000 for the week ended 27 th August, 2011 giving some ray of hope ahead the US Payroll data
MCX Live Updates
Investment activity remained muted for Silver at iShares Silver trust as holdings remained unchanged for the third day while Gold/Silver ratio edged slightly down to 43.93 from 43.95 the prior day there by showing the slight strength which silver enjoyed yesterday in comparison to gold.
gold and silver prices to witness upside today mainly on the back of re-emergence of global economic worries coupled with Euro Zone debt worries which would fuel safe-haven demand for the bullion. However, dollar strength may cap sharp rise in the metal prices.
Base Metal Trend
Copper trend
Workers at Freeport - McMoRan Copper & Gold's Grasberg mine in Indonesia plan to stage a strike after talks with the company failed to resolve a pay dispute,
in a move that could tighten global copper supplies and lift prices.
CrudeOil Trend
On the MCX, crude oil prices rose around 0.3 percent and touched an intra-day high of Rs4127/bbl on Thursday. We expect crude oil prices to trade lower today mainly on account of dollar strength along with rise in risk aversion in the markets globally.
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