Bullion: Gold have been "caught in the crossfire" of a broad-based commodities slump Thursday, but its outlook for next year appears far rosier than that of its peers. Silver fell below $30 a troy ounce for the first time since August on Thursday as traders cashed out of precious metals on worries about the approach of the U.S. fiscal cliff.
Metals: Base metal contracts on MCX traded in the red, despite a fall in rupee against the US dollar, as weak cues from the London Metal Exchange weighed on sentiments. On the LME, base metals traded with a weak bias today, as market participants remained wary about the US fiscal cliff negotiations. Support for February copper is seen at Rs.430 while Resistance is seen at Rs. 440.
Energy: Domestic crude oil futures were trading slightly higher tracking depreciation in the rupee against the US dollar, but a range-bound trend in benchmark New York Mercantile Exchange contracts capped the upside, Crude oil futures slipped Thursday evening as concerns about U.S. jobless claims outweighed the upside impact of a major winter storm on the Midwest.
मजबूती के बाद गिरेगा जीरा (Jeera)
ReplyDeleteProfitable Stock Future Tips