Silver Updates
Today gold is on consolidate phase, today in the evening session of the trade we have U.S. Jobless Claims which are expected to remain below the 400,000 mark and hence showing signs of stability. We also have the U.S. Manufacturing PMI which is also expected show improvement and hence would be good for the economy. On the MCX, Gold prices declined around 0.3 percent on account of Rupee appreciation and was hovering around Rs29,040/10 gms till 4.45 pm IST.
Copper Updates
COMEX Copper Mar, 2012 futures surged sharply by 5.46 percent to $3.5755 per pound from $3.3905 per pound the prior trading day. The intervention of the six Global Central Banks coupled with Chinese intervention of the Central Bank to reduce the Reserve Requirement Ratio supported the RED Metal. Copper fall by 0.70% after touched it high level.
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