Tuesday, 3 July 2012

Mcx Intraday Tips : Today Trade Metal may Higher

We Have come out with its report on precious metals. As per the research firm, prices are expected to trade higher for the day on account of a euro zone deal aimed at helping its debt-laden members. More Information about MCX Intraday Tips visit my site mcx-today.blogspot.com

Gold and silver coins steadied on Saturday, but is going for a fifth immediately month of decrease, its lengthiest monthly dropping skills since early 1997, as a deepening international economic recession from European countries to Chinese suppliers encouraged traders to more secure havens like the money.

Holdings in the SPDR MCX Gold Trust, the world's largest MCX gold-backed exchange intraded fund, fell to 1279.52 tonnes by June 29, down by 2.12 tonnes from the previous business day.

Holdings in the world's largest MCX silver backed exchange-traded fund iShares Silver Trust fell to 9821.45 tonnes by June 29, down by 54.4 tonnes from the previous business day.

Precious metals are trading higher on COMEX today. We expect prices to trade higher for the day on account of a euro zone deal aimed at helping its debt-laden members.

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