DAILY COMMODITY REPORT BY EPIC RESEARCH-02 NOVEMBER 2012
DAILY COMMODITY REPORT 2ND NOVEMBER 2012WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Gold could shine as US greenback gains.. Gold is likely to make some headway with the dollar gaining against other currencies on Friday. In early trade, the dollar gained against the yen and Euro as jobless claims in the US dropped to a three-week low and manufacturing data showed recovery in the TRADING TIP: economy. However, the greenback was down against the UK pound. Any rise in the dollar against the rupeeBuy Zinc Nov will make imports costlier and this along with festival demand could buoy the yellow metal. In Singapore,Above 101.40 spot Gold quoted at $ 1,715.59 an ounce, while US GoldTGTS-101.90/102.50 for delivery in December was unchanged at $ 1,716.40. In the domestic market, Gold for jewellery (99.5%SL-100.90 purity) closed higher at Rs 31,395 for 10 gm, while pure Gold (99.9% purity) ended at Rs 31,260. LME copper edges down; U.S. jobs data eyed. Three-month copper on the London Metal Exchange fell just $2 to $7,824 per tonne by 0116 GMT, but is heading for a near unchanged performance on the weekSell Natural Gas Nov after three weeks of losses. The most active FebruaryBelow 198.20 copper contract on the Shanghai Futures Exchange ticked down 30 yuan to 57,080 yuan ($9,100) perTGTS- 196.50/194 tonne, but is on track to log a 0.3 percent weekly rise.SL-201.10WWW.EPICRESEARCH.CO +91 9752199966
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