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Rupee opens in the red in early trade |
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Rupee opened trade in the red Thursday against the greenback on increased dollar demand from oil importers as global oil prices weighed on the sentiment.
At the forex market, rupee resumed lower at 43.74/75 a dollar from Wednesday’s close of 43.71/72 a dollar.
The local currency breached the crucial 44-level to hit over a 17-month intra-day low of 43.16 and had fallen by nearly 1 per cent in the last two days
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| Technical Calls |
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Invest in gold and silver bullion, and coins |
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If you are doing this right, you will not only nail down big profits, but preserve your spending power with gold and silver bullion and coins. A balanced portfolio should be based in coins and bullion. The only question is, “will you not want to keep |
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Gold can touch $1,225 per ounce by next week |
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What Eric is saying here also lies in the shortening of the steps in the stair step gold action. At new highs, such as now, this formation is a rare set up suggesting an exponential rise.
Rev. Doug, who is no slouch when it comes to gold, anticipat |
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Gold price will double $1,150: Jim Rogers |
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The most bullish investor on gold these days seems to be the global commodities investor Jim Rogers. Rogers, based in Singapore, and a big investor in the Chinese commodities market says, gold price should double the current $1,150 per ounce level. |
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Crude oil futures continued to trade down in mid London trade Friday as the US dollar strengthened against the major currencies apart from a dip in the global equities. |
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Gold futures fell in negative zone as dollar gathered some strength in mid London trades. Dollar typically strengthens when there are less data releases from US. |
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MCX Comdex was up by 2.35% to 2694.17. MCX Energy was down by 0.22% to 2651.55, MCX Metal was up by 3.70% to 3226.02 and MCX Agri was up by 4.84% to 2255.10. |
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