Market Update

Market Watch

Monday 27 January 2014

Watch MCX Bullion Market Updates and Trends


Gold rallied for a third session on Monday to its highest in two months as equities fell on worries that capital outflows from emerging economies would continue, boosting bullion's safe-haven appeal.
Gold may extend gains toward $1,300 an ounce this week, with a close above the 100-day moving average of $1,275.60

Silver futures for delivery in March gained 2 percent to $20.235 an ounce.
MCX SILVERMIC February contract was trading at Rs 44934 down Rs 3, or 0.01 percent. The SILVERMIC rate touched an intraday high of Rs 45090 and an intraday low of Rs 44700. So far 27141 contracts have been traded. SILVERMIC prices have moved up Rs 2934, or 6.99 percent in the February series so far.


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Friday 24 January 2014

MCX Trading Tips: Gold is trading Higher Today

Gold was trading close its highest in seven weeks on Friday, poised for a fifth straight weekly climb as weaker equities burnished its safe-haven appeal. The five-week rally - a gain of nearly 5 percent - is the metal's longest winning streak since August-September.

Today’s Trend for Gold:
GOLD (FEB)
Trend: Consolidate | Strategy: Buy on dips
R1- 29470, R2- 29750 | S1-28950, S2- 28680

After a 28-percent dip in 2013, gold is getting a boost this year from weakness in stock markets, which on Thursday were dented by fears of a slowing economy in China. A mixed bag of U.S. corporate earnings is also hurting shares. 

Gold is seen as an alternative investment to stocks. 
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Thursday 23 January 2014

MCX Tips: Live Updates and Trends by Money CapitalHeight

Today’s MCX Updates:
•Gold declined for the second straight day
• Silver futures for delivery in March fell 0.2 percent
• Crude rose to a three-week high 


Gold slopes down to the lowest in these 2 weeks on Thursday as investors awaited U.S. data to determine the outlook for the Federal Reserve's stimulus. Gold's decline comes despite weakness in equities as some traders were worried that demand in China.

GOLD (FEB)
Trend: Consolidate | Strategy: Buy on dips
R1- 29370, R2- 29750 | S1-28750, S2- 28480

MCX SILVERM February contract was trading at Rs 44358 down Rs 145, or 0.33 percent. The SILVERM rate touched an intraday high of Rs 44627 and an intraday low of Rs 44236. So far 12118 contracts have been traded. SILVERM prices have moved up Rs 2504, or 5.98 percent in the February series so far.

SILVER (MAR)
Trend: Consolidate | Strategy: Sell on high
R1- 45850, R2- 46700 | S1-44550, S2- 43180

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Wednesday 22 January 2014

Outlook for MCX Bullion Market by Money CapitalHeight

Gold was sloping lowest on Wednesday in this week, due to the losses causes overnight, on speculation about further cuts to the U.S. Federal Reserve's stimulus measures and an improving outlook for the global economy.
In 2014 gold will not decline much lower from current levels around $1,250, on the other hand trader and investors were in some hope that last year's 28 percent battering will bring a bounce back face disappointment, consensus estimates.

Platinum group metals will outperform gold and silver this year, bolstered by an improved global economic backdrop and lower mined output, but ample above-ground inventories will cap significant gains.

Experts are also having expectations that Silver and crude oil may outperform in 2014 as they had not performed well in 2013 and demand for this may boost from the industrial sector.

For more suggestion and tips on MCX Bullion Market you can visit us at http://www.capitalheight.com/bullion-premium.php or call @ 0731-6615050.