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China's copper imports fell 2.8 percent in June from the previous month, hitting a 4-month low as weak seasonal demand dampened buying amid a slow domestic economy. China's export sales unexpectedly rose for the first time in four months in June and imports fell again but posted their best performance this year, causing some optimism tepid trade flows are picking up. Today MCX launches its new contract- Gold Global. It is a Cash Settled contract, excludes custom duty, taxes and Domestic premium/discount... Read more here: http://www.pinnaclefinancial.in/blog/mcx-started-gold-global-contract-today/

Gold futures slumped in the domestic market on Monday as investors and speculators booked fresh positions in the precious metal tracking a weak trend in the overseas market after Swiss voters rejected a plan for the country's central bank to boost bullion reserves.

Gold futures ended lower in the domestic market on Thursday as investors and speculators exited positions in the precious metal tracking weakness in the overseas market as fears that the US Federal Reserve is getting closer to raising interest rates for the first time in almost a decade soured the appeal of the bullion as a store of value

With gold sliding alongside pummeled equities and weak global growth forecasts the dollar is emerging as the most unlikely of safe havens. Eurozone concerns and a cap on the Swiss franc have been among the drivers of the trend.

Analyst predictions that corporate tech spending will fall and the impact of European debt contagion led technology stocks lower for the day. PC makers and companies that rely on their business were especially affected.

Every component on the airline subsector was up for the day after the major carriers announced intentions to continue the capacity discipline in spite of strong demand.

Gold slid considerably today as a rising dollar, the result of a seemingly inevitable Greek default, made commodities less attractive. Only indirectly dependent on the strength of the dollar, miners experienced more moderate losses and even gains for some companies as gold bulls expressed their ongoing confidence.