Tuesday, 11 September 2012

Gold, Silver, Copper, Crude Updates Today 11 Sep 2012


Bullions: Gold futures on MCX touched record highs tracking the slight weakness in rupee against the dollar. Gold can trade in range of 31,800-32,200 while silver can trade in range of 63,500-64,300.  

Base Metals: Base metals may see some profit booking at higher levels as fed meeting this week is the key event to be watched by the investors. Copper can trade in range of 448-457 while Lead can trade in range of 116-118 in MCX. Nickel can move in range of 915-935 in MCX while aluminium may move in range of 112-114 in MCX. Copper rose to its highest level in four months on Monday. 

Energy: Crude oil prices can trade on mixed path in range of 5,280-5,350 in MCX. Natural gas may see some bounce back and can test 155 in MCX as weather conditions created some marginal demand.

0 comments:

Post a Comment