Daily Commodity Report by www.epicresearch.co -- 18th March 2013

Gold finished higher, marking its second straight weekly gain, as the euro firmed, U.S. and European shares fell and the U.S. consumer price report supported the view that the Federal Reserve has leeway to keep up its monetary easing.

indore, India (prHWY.com) March 18, 2013 - HEADLINE

Gold rises to 2nd weekly gain, action light before Fed meeting.
Gold finished higher, marking its second straight weekly gain, as the euro firmed, U.S. and European shares fell and the U.S. consumer price report supported the view that the Federal Reserve has leeway to keep up its monetary easing. U.S. consumer price data recorded the largest increase in nearly four years in February, as the cost of gasoline surged. Excluding food and energy, however, the gain was only 0.2 percent, slower than January's 0.3 percent pace. Despite the benign inflation reading, the dollar skidded from a seven-month high against a basket of currencies. The U.S. CPI data affirmed expectations that the Federal Reserve will continue its bond-buying program for the foreseeable future.
Copper falls as mixed U.S. data dampens demand prospects..
Copper fell on with appetite for risk waning after the release of a set of mixed economic data from the United States, while rising stocks of the metal in China reinforced uncertainty about future demand. Threemonth copper on the London Metal Exchange, was untraded at the close, but was last bid at $7,751, down 0.6 percent from Thursday's close and on track for a weekly increase of only 0.2 percent.
TRADING TIP:
 Sell Silver May
Below 53800
TGTS-53600/53300
SL-54002
 Sell Nickel Mar
Around 921.10
TGTS 914/905
SL- 930.20
ANALYSIS
DAILY MCX GOLD CHART
OPEN: 29395
HIGH: 29395
LOW: 29353
CLOSE: 29375
* GOLD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
DAILY MCX SILVER CHART
OPEN: 54192
HIGH: 54120
LOW: 54160
CLOSE: 54194
* SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE

Epic Research is a leading financial services provider with presence in Indian and other global capital 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:


NCDEX Tips

Business Analyst Jobs
BOMBAY STOCK EXCHANGE

EQUITY TIPS

INTRADAY STOCK TIPS

COMMODITY TIPS FREE TRIAL
STOCK MARKET TIPS
STOCK INVESTMENT TIPS

MCX TIPS
SHARE MARKET TIPS
What is futures and options




GET FREE TRIAL +91 731 6642300
Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/
or
http://www.epicresearch.co/images/past_performance/DAILY-COMMODITY-REPORT.pdf###

Tag Words: None

Categories: Business

Link To This Press Release:

URL HTML Code