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2006-12-13 00:00:00 |
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Copper futures in red at MCX
MUMBAI (Commodity Online) -- Copper futures on the MCX are trading in red right now after opening marginally higher today. LME Copper dipped today after gaining by about 2% yesterday. Continued... |
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Crude oil futures in the international market registered a modest gain Friday on the back of the improved US job data coupled with rise in the retail sales and industrial production. |
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MCX Comdex was down by 0.28% to 2689.32, MCX Energy was up by 0.81% to 2704.78 and MCX Metal was down by 1.25% to 3210.18. |
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Jeera futures continued to trade down on Friday for the second straight session due the higher arrivals and the subdued demand from the overseas market.
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| Technical Calls |
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Gold, Silver prices caught in dull trading |
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Gold rose to see a gain of $11.54 as high as $1119.24 in London on Friday morning, before the Gold Price fell back off for most of the rest of trade and ended near its late session low of $1098.15. Dropping 0.5% for the day, the Gold Price lost almos |
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Gold, Euro and Greek crisis |
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The move lower in gold today was attributed to easing concerns over Greece and consequently Europe in general which led some to move back into the Euro and out of gold as fears subsided and safe haven trades were reversed. |
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Traders fear Chinese bubbles |
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These are impressive numbers, and I see where some would believe the Chinese economy is nothing but an ever increasing bubble. Another bubble which worries many investors is the Chinese property market, where prices in China's 70 largest cities rose |
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