DAILY COMMODITY REPORT BY EPIC RESEARCH- 7 DECEMBER 2012
DAILY COMMODITY REPORT 7TH DECEMBER 2012WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Gold may gain as ECB paints gloomy H1 outlook for 2013. Gold is likely to gain on Friday in the domestic market as prices in the global market tend to gain on hopes of TRADING TIP: cut in interest rates by the European Central Bank. The dollar’s rise against a basket of currencies, mostSell Crude oil Dec importantly the euro, will also act as a booster. TheBelow 4700 European Central Bank decided to leave the interest rates unchanged, projecting a bleak start to the NewTGTS-4680/4650 Year. It does not see recovery until the latter part of the next year. This can tempt investors to go in for havenSL-4725 like gold. The euro zone outlook also saw the dollar making gains. Any rise in the dollar will make gold costlier since India imports the yellow metal to meet its demand.Sell Lead Dec Copper Prices Pull Back on Growth Concerns.Below 120 Copper futures slipped, as renewed worry about Europes economic health and a stronger U.S. dollarTGTS-119.40/118.80 pushed some investors to cash out after the previous SL-120.50 days six-week highs. The most actively traded contract, for March delivery, fell 4.2 cents, or 1.1%, to settle at $3.6445 a pound on the Comex division of the New York Mercantile Exchange.WWW.EPICRESEARCH.CO Futures Wednesday had climbed +91 9752199966 to the highest prices since Oct. 18 on signs that China and the U.S., the worlds largest consumers of the metal, were on track
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