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42

Daily Commodity Report by www.epicresearch.co – 21 August 2012

Daily Commodity Report by www.epicresearch.co – 21 August 2012
HEADLINE
Bullish bets on gold jump as growth slows down:
Gold today advanced after European Central Bank President Mario Draghi said the ECB will do whatever is needed to preserve the euro. Gold rose 0.7 per cent to $1,624.10 an ounce. The precious metal traded in euros yesterday and climbed to 1,325.60 euros ($1,620.55) an ounce, the highest level since February 29.
Platinum hits two-month high on supply worries, S Africa :
prices rose to a two-month high on Monday, as supply worries due to a work stoppage after deadly violence at a South African mine triggered heavy buying. Spot platinum was up 1.5 per cent at $1,486.99 an ounce, having earlier set a high of $1,490.49 an ounce, which marked the loftiest price since June 18.
Oil stays above $96 per barrel on consumer confidence:
Oil prices rose for a fifth straight day of gains Monday, on the back of rising consumer confidence in the U.S. economy. Brent crude rose 67 cents to $114.38 on the ICE Futures exchange in London.
ANALYSIS
DAILY MCX GOLD CHART
OPEN: 30158
HIGH: 30220
LOW: 30121
CLOSE: 30184
• GOLD LOOKS UPWARDS
• TREND: BULLISH
• STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
OPEN: 53646
HIGH: 54405
LOW: 53420
CLOSE: 54413
• SILVER LOOKS UPWARDS
• TREND: BULLISH
• STRATEGY: BUY ON DIPS
Epic Research is a leading financial services provider with presence in Indian and other global c0apital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market.
Our research is based around these services:


Stock Tips
Commodity Tips
Forex Tips
NCDEX Tips
Stock Futures Tips
MCX Tips
Share Tips

GET FREE TRIAL +91 731 664 2333

Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/
http://www.epicresearch.co/images/past_performance/DAILY-COMMODITY-REPORT.pdf
###


  
 
 

Contact Information

  • Name: Asha Soni

    Company: Epicresearch

    Telphone: 91-99-93959693 , 91-93959693

    Address: Indore

    Email: ashasonipress@gmail.com
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