DAILY COMMODITY REPORT 26THDECEMBER 2012
Gold slips on U.S. budget woes, but yen lifts TOCOM Gold was near a four-month low and set for its steepest weekly loss since June as investors were discouraged by a weaker euro and stalled U.S. budget talks. Bullion
Sell Nickel Dec
stood at $1,649.20 per ounce by 1411 GMT, barely changed on the day after earlier hitting a low of $1,635.24. It touched a four-month low of $1,635.09.
U.S. Comex February gold futures were up 0.25 percent
spot gold and U.S. futures were on track for a fourth
at $1,650.00 after hitting a low around $1,636. Both straight weekly drop and have so far shed about 3 percent, the steepest fall since late June.
Strong fundamentals to push base metals up in
Sell Zinc Dec Below 112
2013 Base metals are likely to remain bullish in 2013 on better economic prospects in major consuming nations.
Hedge funds have already started betting long on base
surpass last year’s level, US leaders will resolve fiscal
metals amid hopes that China’s economic growth would cliff hurdles and European nations would work together to overcome economic slowdown.
DAILY MARKET STATISTICS
Crude Oil PEPPER 7/19/2012
21-Jan-13 42300 42555
4923.00 42250 42390
Nickel REF SOYA 7/19/2012
31-Dec-12 780.5 783.6
959.60 777.4 782.85
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 58165.00 4303
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 30913.00
DAILY MCX GOLD CHART
ANALYSIS OPEN: 30865 HIGH: 30925 LOW: 30810 CLOSE: 30854
GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS OPEN: 58149 HIGH: 58338 LOW: 57665 CLOSE: 57729
SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
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