Market Update

Market Watch

Tuesday, 10 June 2014

MCX Tips and Highlights Today by CapitalHeight

After a series of consolidation phase in Gold over the last one week, the prices showed some decisive moves . The metal tested a high of Rs 26010 per 10 grams, and settled at Rs 25982 per 10 grams, up 0.46%. It is expected that Gold will now be looking to cross Rs 26000 levels and will try and form a resistance near Rs 26300 and 26500 per 10 grams.

Although Copper has managed to pull marginal gains on the trading of 9 June 2014,
there is still more room left for the prices to go down. The benchmark Copper contract for June expiry is very likely to be sold on every rally from here on. The prices are expected to show some supports at Rs 394 per kg and Rs 391 per kg.
Brent futures rose above $110 a barrel on Tuesday, after posting their biggest daily gain in nearly two months in the previous session, on hopes of healthy demand growth from the United States and China - the world's top two oil consumers.
Platinum extended its winning streak to a fifth straight session on Tuesday as talks to resolve a five-month long strike in top producer South Africa were deadlocked.

Platinum rose 0.4 percent to $1,449.60 an ounce by 0238 GMT, after earlier hitting $1,454.75, its highest since May 30. It gained 1.5 percent over the previous four sessio

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