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There is no such growth in the commodities at MCX exchange. The commodity market trading session are bearish and going down side and made such loss. Actually Gold has profit but it is negligible and silver fall down and has loss now.
MCX Gold fell down over 1 percent to 1 month low on Friday and it is biggest daily drop within three months. Gold hit by technical selling and tumbling US equities on economic uncertainty around the world. Gold Commodity trading session is steady now and trading in 31280 with 22 points plus in current market now.
Silver prices are low and made big loss in this week. Today, silver is trading at 59835 rupees and has loss of -41 points now. Silver and platinum group metals also slid broadly after several US multinational manufacturers led by General Electric CO. gave earnings forecasts that disappointed investors, citing weaker demand in Western Europe.
"The longer we don't make a new high, the more people start getting nervous about where gold is trading," McGhee said.
World stocks and crude oil fell on Friday as investors took a dim view of US corporate earnings after General Electric and McDonald's disappointed, while Europe's debt crisis and ongoing concerns about global growth also weighed on sentiment.
Crude oil is trading in 4981 rupees with 1 plus at current position in the market. All other commodities like Aluminium, Nickel, Copper, Lead and Zinc are looking steady in the market and not have such good momentum. All commodities prices are looking stable in the market And their trading session made enough loss today.
TIPS FOR TODAY - Sell MCX Gold Dec around Rs 31350; target Rs 31100
There is no such growth in the commodities at MCX exchange. The commodity market trading session are bearish and going down side and made such loss. Actually Gold has profit but it is negligible and silver fall down and has loss now.
Silver prices are low and made big loss in this week. Today, silver is trading at 59835 rupees and has loss of -41 points now. Silver and platinum group metals also slid broadly after several US multinational manufacturers led by General Electric CO. gave earnings forecasts that disappointed investors, citing weaker demand in Western Europe.
"The longer we don't make a new high, the more people start getting nervous about where gold is trading," McGhee said.
World stocks and crude oil fell on Friday as investors took a dim view of US corporate earnings after General Electric and McDonald's disappointed, while Europe's debt crisis and ongoing concerns about global growth also weighed on sentiment.
Crude oil is trading in 4981 rupees with 1 plus at current position in the market. All other commodities like Aluminium, Nickel, Copper, Lead and Zinc are looking steady in the market and not have such good momentum. All commodities prices are looking stable in the market And their trading session made enough loss today.
TIPS FOR TODAY - Sell MCX Gold Dec around Rs 31350; target Rs 31100
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