June 17, 2011

MCX Commodity Bullion Daily, MCX Free Tips Newsletter For Today

The Bullion report for Gold prices is that gold prices ticked higher at trading on Thursday, as investors favor the previous metal amid escalating concerns about European sovereign-debt issues. Gold prices  for August delivery traded up $2 cents at $1,528.50 an ounce, build small bullion gains for gold price made in the previous session, as worries escalated about the European debt situation and dollar gained.

MCX Gold August contract is currently trading at `22457, it is marginally up by `35 for the day. 
Silver for July delivery is trading flat at $35.51 an ounce. MCX Silver July is trading at 53370 which is a noted up of 315 for the day. The gold metal is currently at SPDR which is the world’s largest gold-backed exchange-traded fund, is currently holding to 1,200 metric tonnes as of latest available data.

Crude Oil futures edged back up in electronic trading Thursday, supported by a weaker dollar, while investors awaited fresh developments in Greece’s sovereign debt-crisis.The Crude Oil for July delivery gained 69 cents to $95.50 a barrel on the New York Mercantile Exchange during Asian trading hours. Crude Oil suffered its biggest day drop since May 11 earlier in the North American crude oil session history, shedding nearly 5% as fresh Greek debt fears and weak U.S. economic data rattled global markets.

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