mcx commodity news today 13 june

[honeykk]

SOURCe [color=#0000FF]http://onlinetradingttip ... m[/color]/
MCX Commodity News
Spot gold prices gained around 0.5 percent yesterday mainly on the back of rising concerns over Greece’s debt problems which increased safe-haven demand for gold. But sharp gains were capped due to a stronger dollar. It touched an intra-day high of $1549.30/oz and closed at $1543.60/oz yesterday. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, declined to 1,211.87 tonnes on 9th June from 1,212.87 tonnes on 8th June.

Gold Updates
Gold is expected to trade with a sideways bias today, as the yellow metal will take cues from dollar strength on one hand and mixed global market sentiments on the other. Although economic concerns continue and are positive for gold, we feel that dollar strength will cap sharp gains today.

Silver Updates
Silver will take cues from gold today as global markets remain cautious ahead of mixed economic news over monetary policy. Any news of tightening in China could lead to downside pressure on silver.