DAILY COMMODITY REPORT BY EPIC RESEARCH-25 OCTOBER 2012
DAILY COMMODITY REPORT 25TH OCTOBER 2012WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Gold inches up as dollar drifts following Fed. Gold edged up in thin trade on Thursday but was still within sight of its weakest level in seven weeks as the U.S. Federal Reserve helped boost the U.S. dollars safe haven appeal by announcing its commitment to economic stimulus measures. Gold had rallied to an 11- TRADING TIP: month peak of $1,795.69 an ounce in early October following the Feds latest programme of purchasing Buy Silver Dec mortgage-backed debt, but has since drifted lower as the U.S. dollar strengthened and, more recently, after Above 59150 signs emerged of a slight improvement in the U.S. TGTS-59350/59600 economy. SL-58980 Mood at LME week was concern for short term, optimism for long term. The mood toward base metals last week, during London Metal Exchange Week, was optimistic for the longer term but one of concern about the short term, said Epic Research.Buy Gold Dec The reason for that concern was closely linked to uncertainties surrounding Chinese growth, despite theAbove 30850 fact that the U.S. is starting to look better.TGTS- 30925/31000SL-30794WWW.EPICRESEARCH.CO +91 9752199966
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