June 10, 2011

MCX Gold Tips and Crude OIl Tips and Bullion MCX Price Concerns 10 June

The commodity MCX Market report for Gold prices is that the trading session for gold has firmed to session highs near $1,545. As Gold price firmed the crude oil report is of market rising and Crude oil rose on choppy trade in this trading session. The dollar is up and challenging Euro. Copper ended flat and the US Price report on concerns about supply as investors assessed the impact of OPEC's failure to agree on a rise in output targets which threw a spotlight on supply concerns. 
Gold prices report for Gold is that it gave up as European debt concerns eased and increased the appeal of the bullion metals as a haven asset. The Gold price technical view for the market is of neutral tendencies keeping the RSI in the neutral zone for Gold  and MACD above the zero line indicating bullishness in market for the bullion metal Gold.

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