he Bullion trend of commodity market for Gold prices and Silver prices is Consolidate according to market sentiments. The near term for it is showing sentiments of buying on dips.
Commodity Gold price at MCX rebounded from early losses on Wednesday and Silver price slipped by almost 2% at MCX Index on Wednesday and same is with Crude oil its showing weak market sentiments in the US economic data and the base metals reports for Copper is showing growth concerns.
The commodity guarseed prices has done higher intial trade and finally showed the recovery all the gains on yesterday's trading sessions by reversing the previous trend. It made a low of 3193 then high of 3246 settled at 3211.
The Copper MCX JUNE Contract is showing an indication to enter in bullion trend as the prices for yesterday settled at 399.70 after touching the low of 386.80.
The Commodity guarseed prices for JUNE Contract had made a high of 3307 Commodity price level in Intraday but later on it get down and seen to be settled at a 3230 price level.
April, 13, 2011, Los Angeles - After hitting a new all-time high of $1,476.21 an ounce early Monday morning, the price of Gold slid another 0.66 percent or $9.70 to close at $1,452.70 an ounce on Tuesday but analysts still remain extremely bullish towards Gold
April, 14, 2011, Los Angeles - Gold bullion prices rose 0.31 percent or $4.50 to close at $1,457.20 an ounce on Wednesday as the dollar held near 16 month lows against a basket of major currencies and the euro traded just below 15 month highs after the European Central Bank raised interest rates on Thursday for the first time in three years.
The Commodity MCX and NCDEX tips for the day. MCX and NCDEX trend for commodity Turmeric, Guarseed and Pepper is consolidate in trends. MCX and NCDEX market for Pepper (April) is bullish and for commodity Gur and mustard seed it is bearish.