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MCX Tips” 14 March 2012

European market are trading higher today before FOMC meet. Additionally, ideal economic information from Dollar Location front and objectives of positive information from the US also led to development of risk hunger in the international marketplaces.

Furthermore, reducing stress over Dollar Location debt problems after the finance ministers accepted a second save for Portugal, thus cleaning the highway for the first payment from the 130 billion- Dollar program to be made this 30 days.

Officials are required to provide a official acceptance on 14 Goal. Portugal had to recognize on powerful budget reduces and realization sovereign debt reorientating in order to get this bailout.
Spot precious metal prices dropped by 0.3 % these days taking hints from a more powerful dollars. The gold moved an intra-day low of $1690/oz and was flying around $1691/bbl . On the MCX, Silver May agreement dropped by 0.5 % and was trading around Rs27,837/10gms.

Taking hints from fall in precious metal costs and a more powerful dollars, spot precious metal costs decreased by 0.4 % today. The white steel moved an intra-day low of $33.34/oz and was trading around $33.38/oz . MCX precious metal May agreement decreased by 0.3 % and was flying around Rs58,241/kg

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