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Saturday, June 16, 2012

Crude may trade with positive bias in near term

Since Dollar shown weakness recently slipping below 82 marks.Crude and metal will show some strength in near future. Nymex crude oil price shown some strength on the expectation of some easing from the US federal reserve coupled with Organization of Petroleum Exporting Countries (OPEC) asking members to cut production in excess for their quotas.

Wednesday, June 13, 2012

Gold made a new high of 30420 per gram

Today Gold made a new high of 30420 per gram. People who still invested in gold are making money. Gold is safe bet in economy crises in world. Where there is no other assets is giving return that time only gold is full proof.

Gold Rose above Rs.30,000 per gram in India

Gold on 13th June is near to a higher at Rs 30,014 per 10 grams. In recent past on 6th June Gold made a new high of Rs 30,295 . This is highest so far in history cost of 1 gram. On rupees depreciation gold is making day by day new high.