MCX Crude Oil Tips, Base Metals Update Today

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Re: MCX Crude Oil Tips, Base Metals Update Today

Post by mcxprovider » Fri Jun 15, 2012 11:30 pm

ALUMINUM
Aluminum ended down $21 at $1,933 a tonne, having earlier hit its lowest since July 2010 at $1,927.50.
LME COPPER
London Metal Exchange (LME) three-month copper rose $90.50 to finish at $7,510.50 a tonne.
COPPER
Copper rose on Friday, posting its first weekly gain in the past seven, boosted by assurances that the world’s central banks stand ready to stabilize markets.
SILVER
silver was up 0.3 percent at $28.67 an ounce.
U.S.GOLD
U.S. gold futures for August delivery settled up $8.50 at $1,628.10 an ounce, with trading volume about 60 percent below its 30-day average
SPOT GOLD
Spot gold was up 0.3 percent at $1,626.61 an ounce by 3:05 p.m. EDT (1905 GMT). The last time bullion posted a six-day winning streak was in August.
GOLD
Gold rose on Friday for a sixth consecutive session as investors bet on additional stimulus by central banks and hedged against economic uncertainty ahead of key Greek elections on Sunday.
U.S. MARKET UPDATE
U.S. stocks rose, giving the Standard & Poor’s 500 Index its first back-to-back weekly gain since April, amid speculation central banks will take steps to stimulate growth and contain a prolonged debt crisis in Europe.

The Dow Jones industrial average was up 94.90 points, or 0.75 percent, at 12,746.81. The Standard & Poor’s 500 Index was up 10.80 points, or 0.81 percent, at 1,339.90. The Nasdaq Composite Index was up 30.49 points, or 1.07 percent, at 2,866.82.

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