Monday, July 11, 2011

Commodity MCX Market tips

Oil steadies as US holiday curtails trade.
World stock hits 4-1/2 high.
The euro slipped from one month high against the dollar.
Gold up 0.5 pct as weak dollar.
SPDR gold ETF reports 78,000/oz outflow.
Copper stocks fall to lowest in more than 2 months.
Aluminium inventories fall to lowest.

Gold priced in sterling hit a record high, powered by a broad push into bullion that also sent euro-denominated metal to a lifetime peak as deepening concern over the spread of the euro zone crisis rattled investors.

India, the world's biggest buyer of bullion, is in the middle of the sowing season, when farmers, the traditional buyers of the yellow metal,


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