4/10/2012 04:01:00 PM
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Live Commodity
In International market, Gold climbed for a fourth day, the longest rally in more than a month, after U.S. jobs data missed estimates, boosting speculation that the Federal Reserve may take more steps to spur growth and weakening the dollar. Spot gold rose as much as 0.9 percent to $1,654.90 an ounce, the highest level in a week, and was at $1,652.72 at 11:52 a.m. in Singapore. In MCX Commodity, Gold also was on positive mode. Gold and silver are expect to trade higher today on the back of rising expectations that Fed will go for another round of quantitative easing which will exert downside pressure on the US dollar index.
Base Metal Live
The base metals complex on the MCX traded on a negative note on Monday, with copper being the worst performer of the day. The red metal declined sharply by 1.7 percent on the MCX and touched an intra-day low of Rs. 422/kg yesterday.
Copper was on low side but after midday session it was again on for buying side. For evening session we expect copper may trade for the level of 424.80+.
