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Friday, November 25, 2011

MCX Commodity Tips Updates for Today

  • Gold prices settled moderately lower, with thin volumes reported in International markets on account of Thanksgiving holiday in US. 
  • Gold prices are expected to trade range bound today, due to an abbreviated U.S. trading session following Thanksgiving holiday.
  • LME base metals ended mixed, suppressed by prevailing economic uncertainty in Europe and US.
  • US Crude oil futures registered losses, as economic concerns in Europe and US front overshadowed the decline in US crude oil stocks. The energy prices have a limited downside, as the complex is supported by emanating geopolitical tensions regarding Iran’s nuclear power ambitions.

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