MCX Commodity Report For Today : 25th Aug '11

Sharp decline in gold today While this decline is increasing. On MCXgold prices is around Rs. 25000. Due to the rising edge of the margin COMEX on Wednesday it has seen a sharp decline in the gold About 11 per cent of the international market, gold has broken 10% record levels.

Federal Reserve Chairman Ben Bernanke is going to be the third rescue package (Qi 3) can be declared. Market's view is based on the stimulus package.

MCX silver is being traded on the decline. Silver in the domestic market at Rs 59 465.

The slight decline in crude oil. On MCX, crude oil is at Rs 3947.

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Stock Intraday Tips For Today

Larsen & Toubro Ltd.

Buy Larsen & Toubro above 1635,

Target: 1647-1659, Stoploss: 1620.

YES Bank Ltd.

Buy YES Bank above 303.50,

Target: 306-308, Stoploss: 300.

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MCX Commodity Market News and Tips For Today

In Bullions MCX Gold and Silver are trading flat for the day. They can move upward in coming trading sessions as our research analyst said. MCX Gold October contract can move down towards 23,350 and silver Sep contract can test 57,000 in near term. In Base Metals, all base metals are trading positive for the day. Crude oil may open on positive note tracking firm opening in international markets. MCX Crude oil may bounce back to 4350 in domestic bourses.

Commodity Tips For Today-

Crude Oil

Crude Oil: Buy above 4295,

Target: 4320- 4335, Stoploss: 4270.

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US Copper hit its highest level due to quantitative easing

Fundamental Review

Gold steadied in Europe on Monday, surrendering earlier gains, in line with a slight gold eased in Europe on Tuesday as the dollar rebounded on the back of uncertainty over the extent of quantitative easing expected from U.S. authorities, denting interest in the metal as a haven from weak currencies. US Copper hit its highest level in more than two years on Monday, buoyed by expectations of more quantitative easing (qe) in the united states, eroding the dollar and making metals cheaper.

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News Highlight

US Gold eases below $1,350/oz as dollar recovers.
Oil slips towards $82 on stronger dollar.
US Copper falls, market awaits insight on qe.
Indian turmeric eases on pick-up in arrivals; seen steady.

Commodity Market Fundamental Review 05th Oct.

News Highlight US GOLD NEAR RECORD HIGHS, EYES FRESH DOLLAR WEAKNESS. US OIL BREAKS $ 81 LEVEL; ON MORE THEN 2 MONTHS HIGH. US COPPER RALLY STALLS AS DOLLAR REBOUNDS, STOCKS RISE. INDIAN PEPPER FALLS ON SLUGGISH EXPORTS; TURMERIC UP. Fundamental Review US GOLD FIRMED ON MONDAY, SUPPORTED NEAR RECORD HIGHS AS INVESTORS CONTINUED TO FRET ABOUT THE OUTLOOK FOR THE DOLLAR AMID SPECULATION OF FURTHER U.S. MONETARY EASING, BUT WITH A RECOVERY IN THE UNIT KEEEING A LID ON GAINS. US COPPER STEADIED ON MONDAY, AFTER TOUCHING A MORE THAN TWO-YEAR PEAK IN THE PREVIOUS SESSION, AS TRADERS WEIGHED A RECOVERY IN THE DOLLAR AND AN INCREASE IN INVENTORIES AGAINST TIGHTENING SUPPLY-DEMAND BALANCES.

Commodity News: US Gold, China Data and Indian Pepper

Fundamental Review

US Gold hit record highs for a sixth successive session on friday as the dollar fell to a six-month low against the euro, with expectations for further u.s. monetary easing driving strong demand for the precious metal. Copper rallied on friday to its highest in more than two years as strong manufacturing data from china, the world's largest consumer of industrial metals, boosted demand expectations.

News Highlight

• US Gold at record for sixth day; U.S. policy in focus.
• Oil jumps to $81, dollar, China data support.
• China data cheers US Copper to two-year high.
• Indian Pepper Futures end off lows; outlook weak.

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.

Gold, Copper, Jeera, Turmeric Commodity Tips

Fundamental Review

US Gold rose for a third day on wednesday to hit record highs after the federal reserve signalled it stood ready to inject fresh cash into the economy, knocking the dollar and whetting investor appetite for bullion. US Copper firmed on wednesday on the back of a weaker dollar but the market looked top heavy after recent gains and investors were reluctant to press higher in the absence of chinese players and fresh impetus.  

News Highlight

• US Gold hits record high after fed rates signal.

• Oil rises above $75 as dollar weakens.

• Copper firms on dollar, china holiday limits gains.

• India Turmeric extends gain on demand; Jeera rebounds.

Commodity Tips: Market News and Fundamental Review

News Highlight

• Search for safety takes gold to new highs.

• Oil steady near $74, seeks signs on U.S. economy.

• US Copper touches 5-month high as dollar slips.

• Indian turmeric futures hit 4pc upper circuit; Pepper marginally up.

Fundamental Review

Gold hit record highs for the fourth day in a row on Monday, boosted by growing expectations for U.S. interest rates to remain exceptionally low as the economy struggles, while silver came in sight of 30-year peaks. US Copper climbed to a fresh five-month peak on Monday, buoyed by a falling dollar and market talk of further quantitative easing in the United States.

MCX, NCDEX Tips Fundamental Review

Gold, Silver Futures continued to trade higher on Multi Commodity Exchange (MCX) weak INR and buying support here on Wednesday. In the overseas Market Gold, Silver traded down on weak Euro against dollar after fed meet.

Oil Futures are under pressure since Wednesday morning as investors seek safe havens following downbeat comments from the U.S federal reserve late Tuesday about U.S. economic growth.

Commodity Market (MCX Tips) - Gold and Base Metals

Gold firmed on tuesday as physical consumers took advantage of lower prices to buy into the metal and as china announced moves to allow greater freedom in its gold trade, but a lack of investment kept a lid on gains. 

Base metals are higher on the london metal exchange monday on a weaker dollar and gains in european and asian equities.

News Highlights

• Gold rises on firmer physical demand, china move.
• Metals higher on weak dollar, rising equities.
• MCX crude oil rises of bullish global cues.
• India pepper futures likely up on short-covering.

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