Bullion Updates and Suggestions to trade in Today's Market :-
⇒ Gold prices rose in early Asian trading on Thursday, erasing several sessions of declines on reports several Federal Reserve policymakers were willing to stimulate the U.S. economy via monetary easing meas-ures should recovery wane.
⇒ Several members indicated that additional monetary policy accommo-dation could be necessary if the economic recovery lost momentum or the downside risks to the forecast became great enough.
⇒ On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded up 0.66% at USD1,546.75 a troy ounce fears that Greece will exit the eurozone have fueled demand for gold's traditional hedge, the dollar, in recent days, which has sent the metal falling.
ENERGY :-
U.S. crude futures fell a fourth straight session on Wednesday as politi- cal turmoil and banking problems in Greece raised new concerns about the euro zone's debt crisis.
BASE METALS :-
⇒ London copper edged higher for the first time in five sessions on Thursday, with a firmer euro aiding its bounce from four-month lows hit in the previous session amid a deepening debt crisis in Europe exac- erbated by Greece's political instability.
⇒ Three-month copper on the London Metal Exchange gained 0.7 percent to $7,710.50 a tonne by 0317 GMT, after falling to a four-month low of $7,625 on Wednesday.
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