MCX Gold price and silver price fallen at tomorrows MCX index of Commodity MCX market because of the reason that Federal Reserve Chairman Ben Bernanke did not given any clue for dollar and further U.S. monetary exchange Speech. Ime base metals i e; Copper, Zinc, Lead and Nickel etc fell more than 1 percent because dollar rebounded again rebounded form its lows of one month.
Gold Prices showed a market gains of 5% in the past three weeks because of US economic indicators including Friday's weak jobs data.Gold is seen trading at $1540.20 at the Globex platform, down by $3.90. Bullion stocks for gold fell leading the Asian benchmark index like MCX, NCDEX to slide by 0.5% at present and the yen climbed against the dollar after the US Fed officials fueled concerns about whether the global recovery will be sustained and as China purchases of Japan’s long term debt reached a record, making the currency to appreciate.
Gold Prices showed a market gains of 5% in the past three weeks because of US economic indicators including Friday's weak jobs data.Gold is seen trading at $1540.20 at the Globex platform, down by $3.90. Bullion stocks for gold fell leading the Asian benchmark index like MCX, NCDEX to slide by 0.5% at present and the yen climbed against the dollar after the US Fed officials fueled concerns about whether the global recovery will be sustained and as China purchases of Japan’s long term debt reached a record, making the currency to appreciate.