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Tuesday, September 28, 2010

MCX Tips: Gold, Copper, Oil

Fundamental Review

US Gold powered to an all-time high at $1,300 an ounce on Monday as worries about the health of the global economy spurred buying, with top consumer India also defying high prices during the festive season. US Copper fall in New York and London as prices at a five-month high spur some investors to sell the metal and a stronger dollar reduces the appeal of commodities as an alternative investment.

News Highlight

Gold hits new record at $1,300; Silver at 30-year high.
Oil near two-week high on economic optimism.
US Copper decline as prices at five-month high spur selling by investors.
Indian Pepper down on subdued export demand; Jeera falls.

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