Crude Oil prices increased on Tuesday on optimism that Greece can pass an unpopular austerity program, and also on lift from a weak dollar. The weak dollar added lift to dollar denominated oil and the rising euro get down further after the Portuguese government said it planned to be scrupulous in meeting terms of a financial bailout. Copper rose on Tuesday as an agreement by French banks to rollover Greek debt supported appetite for riskier assets but caution remained ahead of Greece's vote on austerity measures later in the week. Gold rose back above $1,500 an ounce in Europe on Tuesday.
MCX Market News 29 June:
Gold likely to touch 22,600
Commodity Market opens Positive.
MCX Comdex Trade up by 16 points.
MCX Comdex rises 0.03%
MCX Market News 29 June:
Gold likely to touch 22,600
Commodity Market opens Positive.
MCX Comdex Trade up by 16 points.
MCX Comdex rises 0.03%
