6/28/2012 09:59:00 AM
Your Advisor
Commodity Updates
Gold Showing some down trend form last couple of trading & Today it's expected with continue trend.Gold edged up on Thursday after the euro showed some resilience ahead of a European Union summit, which is unlikely to deliver new measures to tackle the region's debt crisis and may prompt investors to turn to the safety of the U.S. dollar.
Gold has lost some of its safe-haven appeal after financial market turmoil caused by the prolonged debt crisis in Europe and the U.S. Federal Reserve's decision to take only a modest step to boost the economy forced investors to cash in bullion to cover losses. Gold added $1.19 an ounce to $1,575.59 at 0251 GMT, having briefly risen above $1,581 on Wednesday on bargain hunting. The metal is on track for a more than 5 percent drop this quarter.
While in other base metals Copper we recommend for sell for today's trading session.
- GOLD DIPS ON DEFLATION WORRIES; EUROPE EYED.
- BRENT SLIPS BELOW $93, EU DOUBTS COUNTER NORTH SEA SUPPLY CUT.
- COPPER SLIPS ON EURO ZONE CAUTION, EU SUMMIT EYED.
- DOMESTIC OIL AND OILSEED TRADE UP ON STRONG FUNDAMENTALS.
Live MCX Data
Gold Showing some down trend form last couple of trading & Today it's expected with continue trend.Gold edged up on Thursday after the euro showed some resilience ahead of a European Union summit, which is unlikely to deliver new measures to tackle the region's debt crisis and may prompt investors to turn to the safety of the U.S. dollar.
Gold has lost some of its safe-haven appeal after financial market turmoil caused by the prolonged debt crisis in Europe and the U.S. Federal Reserve's decision to take only a modest step to boost the economy forced investors to cash in bullion to cover losses. Gold added $1.19 an ounce to $1,575.59 at 0251 GMT, having briefly risen above $1,581 on Wednesday on bargain hunting. The metal is on track for a more than 5 percent drop this quarter.
While in other base metals Copper we recommend for sell for today's trading session.
- GOLD DIPS ON DEFLATION WORRIES; EUROPE EYED.
- BRENT SLIPS BELOW $93, EU DOUBTS COUNTER NORTH SEA SUPPLY CUT.
- COPPER SLIPS ON EURO ZONE CAUTION, EU SUMMIT EYED.
- DOMESTIC OIL AND OILSEED TRADE UP ON STRONG FUNDAMENTALS.
Live MCX Data
|
Date
|
Time
|
Currency |
Economic
Data |
Forecast
|
Previous
|
|
THU
28TH
JUNE
2012
|
6:00pm
|
USD
|
Unemployment
Claims
|
385K
|
387K
|
|
6:00pm
|
USD
|
Final GDP q/q
|
1.90%
|
1.90%
|
|
|
6:00pm
|
USD
|
Final GDP Price Index q/q
|
1.70%
|
1.70%
|
|
|
8:00pm
|
USD
|
Natural Gas Storage
|
|
62B
|
|
|
9:00pm
|
USD
|
FOMC Member Pianalto Speaks
|
|
|
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