Saturday, August 27, 2011

MCX copper trend and Gold tips

Copper news:
Japan rolled copper output declined by 4.1 pct (y-o-y) in July. Japan's output of rolled copper product declined 4.1 percent (y-o-y) in July to 71,978 tonnes mainly on account of decreased demand.
Base metals are expected to come under pressure today mainly on account of rise in risk aversion in the global markets.

Gold Tips:
Spot gold prices to trade higher by around 0.3 percent today mainly taking cues from rise in risk aversion globally made gold look attractive for the investors. MCX Gold October contract rose 1.5 percent. you can buy gold target 27765-27780

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