MCX GOLD SILVER TREND :- Escalating tensions over Euro Zone debt worries with Spain being the matter of concern will lead to rise in risk aversion in global markets. On account of this, we expect US dollar to remain strong and gold and silver to trade lower today. However, Rupee depreciation may cushion further decline on the MCX
CRUDE UPDATES :- In today’s session we expect crude oil prices to trade lower on the back of rising US crude oil inventories since past few weeks coupled with strengthen in dollar index.
MCX COPPER TIPS :- Base metals are expected to trade with a slightly bearish note today taking cues from a stronger dollar index coupled with rising worries over Europe’s debt crisis which has weakened the demand outlook for industrial metals. However, a weaker Rupee may cushion sharp decline on the Indian platform.
