Thursday, June 23, 2011

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Today Crude oil Is in sharp decline. While more broken than 1 per cent at MCX on Naimaks crude oil prices have plummeted by nearly 2 per cent. The Federal Reserve has slashed its estimate of growth of the U.S. economy. According to the U.S. economy than the Fed expects growth to remain low Skmi. The crude oil demand has been feared to drop.

International Energy Agency in July to 6 million barrels of oil stock release is announced. International Energy Agency crude oil since the announcement made in the selling pressure. There is great weakness in the Brent crude slipped half a percentage point and now is at 108.43 dollars a barrel.

In the international market with strength in gold and silver are traded. However, weakness in the domestic market closed yesterday, gold and silver.

Gold fell by -1.45% to settled at 22411, its biggest one-day drop in over a month, after disappointing U.S. jobless claims data hit investor risk appetite and boosted the dollar, pummeling commodity and stock markets. Investors sold gold to cover steep losses in the equity, grains and crude oil markets, which sank on news of the release of emergency oil reserves.

August gold futures surge on Comaks with a sense of doing business at 1523 dollars per ounce. 2.1 per cent in the business of tomorrow Comaks Ludhkkr gold ounces per dollar had closed at 1520.5. In the domestic market with a fall on MCX gold closed at 22 411 per 10 grams.

Comaks July silver futures price at 35.2 dollars per ounce of strength level is reached. Silver, 4.7 per cent yesterday on Comaks Ludhkkr business was shut off at $ 35 per ounce. MCX silver slipped on the domestic market was closed on 52 721 per kg.

Copper yesterday traded with the negative node and settled -0.61% down at 402 on a stronger dollar and concerns about demand in the US after the Federal Reserve cut its forecasts for economic growth in the world's largest economy. Data showing big metal consumer China's factory sector was close to stalling and Greece's debt crisis also soured sentiment.

Sonen is firmly intact, Comaks gold is trading at the top of the last two weeks. The silver to see selling pressure on the upper level, while still at $ 36 per ounce silver price is up.

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