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Wednesday, July 27, 2011

MCX News for Today 27 July

MCX bullion Gold market is held steady below its record high on Tuesday. Crude Oil MCX prices rose after a choppy start on Tuesday, supported by a weak dollar even as markets were buffeted by the continuing stalemate over the U.S. debt ceiling that weighed on Wall Street. MCX Copper rallied to its highest in a week on Tuesday, lifted by a sagging dollar, fund buying and a strike at the world's biggest copper mine, which focused investors on supply. The dollar become more weaker and lost more than 0.6 percent against a basket of currencies.  MCX Copper hits 1-week high on weak dollar. Zinc MCX hits highest since mid-April.


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