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MCX Gold Latest News Today

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1 MCX Gold Latest News Today on Tue Sep 27, 2011 7:58 am

MCX Gold Latest News Today 27 September 2011

MCX Gold Silver Tips For Today :- Gold prices rose more than 3% on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market. Prices dropped more than USD 120 an ounce in Asian trading hours on Monday, an unprecedented intraday fall in value terms, as a rush for the liquidity of the dollar, losses in other markets and a margin hike on CME gold futures prompted selling. They had pared those losses to just 1.7% by the end of the session, however, and continued their recovery on Tuesday, climbing comfortably back above their 100-day moving average just below USD 1,640. Spot gold was up 2.8% at USD 1,672.00 an ounce at 0949 GMT, having peaked at USD 1,676.69. US gold futures for August delivery were up USD 78.40 an ounce, or nearly 5%, at USD 1,673.20.

Source :- BullionMCX.Com



Last edited by commodity007 on Fri Oct 07, 2011 2:31 am; edited 1 time in total

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2 Re: MCX Gold Latest News Today on Wed Oct 05, 2011 6:17 am

Will you provide daily Gold and Silver Updated news on my mail id ? commoditytipsfree@gmail.com

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3 Re: MCX Gold Latest News Today on Mon Oct 10, 2011 6:00 am

BullionMCX.Com - Mcx Gold Tips Today | Mcx Silver Tips Today

MCX Gold and Silver were in very uncertain condition and no one was able to predict its movement. It made people bear too much looses as when trader short silver it made highs and on buying made lows thus every trader lost money. crude gained after it stopped to fall in the world market. uncertainty in the gold and silver led trader to trade in crude oil and thus crude came up strongly at the end of the week.

MCX GOLD (Dec) – MCX Gold august contract which will expire on 5th Dec 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are.

RESISTANCE: R1-26700 R2-26950
SUPPORTS: S1-26050 S2-25650

SILVER (Sep) – MCX Silver closed at 52297.silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE: R1-52650 R2-52950
SUPPORTS: S1-51950 S2-51650

BullionMCX.Com

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