Gold Tips
Today in evening session bullion may rise form the iampact of US. In absence of liquidity amid sharp decline in the European Markets coupled with strong U.S. Dollar, investors reduced their Precious Metals holdings yesterday and the selling made the COMEX Gold Oct futures end the day at $1,810.6 per troy ounce, down 2.5 percent from $1,857.1 per troy ounce made on 9 th Sept, 2011. A rise in the data would support the Precious Metals Complex.
Silver Tips
Spot silver declined almost 3 percent in yesterday’s trading session mainly taking cues from fall in gold prices coupled with a stronger dollar. We expect silver trade higher in today trading session.
Crude Oil Updates
Its expected that crude to trade higher in todat session. NYMEX Crude oil futures which were pressurized in the early session recovered after making a low of $85 and ended the day at 1.09 percent gain to $88.19 per barrel from $87.24 per barrel the prior day. Rebound in the Euro towards the later session of the trade boosted the sentiment and also weighed down on the dollar.
Copper Updates
With Bullion in base metal copper also trade with bullish trend, Copper three month futures on LME also ended down by 0.77 percent to $8,766 per ton from $8,834 per ton the prior day.
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