Gold rebounded after dropping from a record as concern that Europe’s leaders will struggle to resolve the region’s sovereign-debt crisis at a meeting tomorrow increased haven demand. The metal touched an all-time high of $1,610.10 yesterday before closing 1 percent lower after President Barack Obama backed a plan to cut the U.S. deficit, potentially paving the way for raising the debt ceiling and avoiding a default. MCX Gold is currently trading down by Rs 67 for the day at Rs 22973. MCX Silver Sep is trading at Rs 58273, it is trading down by Rs 986 for the day.
MCX Commodity Outlook, MCX Gold Updates
Posted on Wednesday, July 20, 2011 by Unknown in
Labels:
Commodity Intraday Outlook,
Commodity Outlook,
MCX Gold,
MCX Technical Views,
Precious Metal
on Wednesday, July 20, 2011
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