July 06, 2011

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The bullion market report for gold prices is that gold prices risen for more than 1 percent on MCX index on Tuesday as risk aversion returned to the financial markets stoked by concerns over the outlook for the Chinese economy has other worries regarding debt crisis. Crude oil prices jumped more than $1 per barrel at global price index after the Capital raised its forecasts for crude oil in 2012, outweighing worries over the global economy. Copper gained on Tuesday, boosted by supply concerns and economic data from the world's largest economy, the United States, yet some wondered if copper prices have climbed too far too fast, given still-scant signs of demand from China. Aluminium showed a gain of three percent at the market.
MCX News Headlines:
>In London Brent crude added USD 2.22 to settle at USD 113.61 a barrel on the ICE.
>Crude Oil MCX settles near USD 97 a barrel at global platform.
>Bench mark West Texas Intermediate crude on Tuesday gained USD 1.95, or 2%, to settle at USD 96.89 a barrel on the New York Mercantile Exchange.
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