Tuesday, 16 September 2014

Today MCX Gold Update and news || MCX Base Metal News || Commodity Crude Tips

Gold has suffered additional downside risk in recent sessions cause of FOMC meeting and global trend , prices are likely to bear a greater burden given the easing of geopolitical te
nsions. Gold had caught a safe-haven bid that limited the downside from 27000 level, Dollar strength to pose more downside risk for Gold.
 So intra-day trader i suggest to sell gold and silver in upper level,Today Gold Open at 27001 Made high 27001 and Silver open 41497 made high 41516.

Base Metal trend today

 Today all Base Metal become positive cause of strong China Manufacturing PMI data now copper trade high , crude oil prices increase due to low production by OPEC..........

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  18. Gold prices held steady early Friday as investors remained cautious after U.S. Treasury yields hit multi-year peaks and ahead of monthly employment data, which if stronger could boost the Federal Reserve’s case for a tighter monetary policy.