Gold tumbled to one month lows today as heavy profit selling hit the yellow metal even as the US dollar stayed above 1.4500 levels against the Euro. Crude oil eased and other commodities also dropped, reverberating losses for the Gold futures as traders eyed a breach of $1500 as a sign that more losses could emerge as the metals enters in a traditionally lean physical demand period.
Commodity Updates: Gold Slumps To One Month Lows
Posted on Friday, July 01, 2011 by Unknown in
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MCX Commodity Tips,
MCX Gold,
MCX Intraday Tips,
MCX silver Tips,
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on Friday, July 01, 2011
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