Gold Trend
Gold again in on green eye, its currently trade at 28715 and from this level we expect it will go for 28750 easily. Today once again it will be the bond sales of Belgium and from Italy that the markets will eye, especially from Belgium which had recently been hit by a downgrade by S&P. On last trading session the MCX, Gold December contract declined around 1 percent last week and touched a low of Rs28,303/10gm. In intraday session if gold cross 28850 then it seems bullish for the next level of 28950.
Silver Trend
Silver also in good mode, its presently trade under the level of 55250 to 55400, it seems good to buy at the higher level. Intrday trend is bullish in silver we recommned it for buy. The investment demand for the white metal also remained unchanged on Friday while the Gold/Silver ratio was 54.33 on Saturday from 54.1 the prior day indicating slight weakness in the silver investment demand compared to Gold. Week Dollar shows major impact on both precious metals.
Crude Updates
Crude up almost 2.40% today because of strong dollar, from this level we can expect it would be 5200 touch in near trading session. Crude oil prices surged in the early trade Monday on speculation that Europe’s steps to tame its debt crisis may sustain demand and sanctions against Syria will threaten Middle East stability.
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