COMMODITY MARKET UPDATE AND TIPS

ANY WAY OUT TO WORLD'S DEBT PROBLEMS WILL ONLY BE INFLATIONARY FOR THE GOLD……

Gold has become more susceptible to environments where the US Dollar is escalating.

This week's top news from Washington that the bi-partisan, deficit reduction "Super" committee had botched to meet its target of $1.2 trillion in deficit cuts helped push confidence in Washington and stocks in the US lower.

BASE METALS IN CONFUSION…

One of the key fears for the base metal, has been the extent to which macroeconomic weakness in the euro zone can be converted into export demand levels from China.

Nickel’s products demand has been affected most from the weak external demand till now.

COMMODITY MARKET UPDATE AND TIPS

Base metals trading lacklustre today.

A day after sharp fall , Base metals were trading in ranging zone on Thursday, 24th November amid floundering US dollar. The debt problems annoying Europe and the United States tensed with slowing economic growth in China, the major industrial metal consumer are pressurizing the metals space.

COMMODITY MARKET UPDATES

Commodity Market Tips

MCX Zinc futures, which went down even under Rs. 100, jumped to hit a high of Rs. 100.50 per kg on these cues though the metal failed to maintain at these levels and slipped under the three digit mark yet again. LME zinc stocks continued their slowdown yesterday, dropped to 744700 tonnes, a seven-month low.

zinc in the morning...

Rupee appreciation gave the jerk to the yellow metal...

The rally in the Indian Rupee is giving  pressure on the domestic gold futures.Today MCX gold trading down more than half a percent and the international gold trading down just 0.1%. Gold is not getting relief in any of the way, to which market it is responding, yet to identify.