September 15, 2011

MCX Online Gold Rates For 16 September

• Gold trades lower today because of investors driven towards riskier assets. 
• MCX Crude oil and base metals witness gains on a weaker dollar. 
• US natural gas stocks expected to increase by 85bcf-Reuters Poll. 


Gold is expected to come under pressure as rise in risk appetite will make gold look unattractive. However, sharp decline is expected due to dollar weakness. The MCX silver is expected to trade with a sideways bias in tomorrow's trading session, taking mixed cues from fall in gold prices, upside in base metals and a weaker dollar. 

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