February 24, 2012

MCX Gold Tips Commodity Tracker

Gold is expected to trade higher in this week on account of revival in the global markets due to easing concerns over Greece debt crisis coupled with China's step to cuts its reserve requirement ratio by 0.5 pct which will be effective from 24 February 2012 today. Gold at mcx is also trading in a uptrend and is 28889 levels with a gain of 0.85%. The report says rise in crude oil prices has risen the demand for gold and prices are expected to gain more as it is a inflation laid demand.MCX Gold is advised to Buy for today's session.
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