August 22, 2011

MCX Tips for 22 Aug | MCX Tips Today for 22 Aug

Gold prices rose to a record above $1,880 an ounce at Global commodity platform, rallying for the seventh straight week, as concern that the global economy is slowing drove equities lower. The metal had its longest run of weekly gains since April 2007 as worse-than-expected U.S. economic data and Europe’s debt crisis boost speculation that growth will falter. 
MCX Crude oil fell, capping a fourth weekly decline, on concern that slower global economic growth will reduce fuel demand. 
Brent oil traded at a record premium to the U.S. contract. Copper futures for December delivery rose 2.25 cents, or 0.6 percent, to $4.0085 a pound on the Comex.
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