June 07, 2011

Commodity MCX Gold Tips, Crude Prices and Ime Base metals Reports 07 June

Crude Oil Prices Showed Hike in the market and the dollar Completed its recovery against the euro. The Gold price report are of Gold price hike i e; rise to its one-month highs and copper ended up on Soft dollar. Copper Prices rose 2,225 tonnes at LME inventories. 

The LME Copper prices are at a rising state while  Zinc prices added around one percent on the margin cut. The Gold Price are touching its one month high and Silver prices are also increasing and silver price showed a hike of 2%  almost. The Crude Oil prices on the global cues are weak and Crude oil fell on Monday in trading due to raised expectations. 
Gold price reaches to its highest price level in more than a month on Monday commodity report for Brent Crude prices  $115 on concerns of probable increase in supplies, with OPEC meeting scheduled to take later this week. Saudi Arabia is likely to push for increase. The Gold price counter is seen resisting the trend line at 22810, and a strong support is seen at  22379. The Gold prices are expected to trade side-ways between 22458-605, below 22450 prices can test the trend line support at 22379.

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