MCX Trade Tips

MCX Gold tracked the euro lower on Friday en route to its weakest monthly performance since December, pushed down by fears the debt crisis in Europe could spiral out of control and trigger a global economic slowdown. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com

Spot MCX Gold extended its previous session’s spiky sell off, undermined by a strong US dollar and concerns over the outcome of Euro Union meeting this week. In today’s early trade, the Euro edged lower near around four month lows while the dollar surged and hit a 20 month crest against most of its peers.

Investor worries over a possible exit of Greece from the Euro region and its impacts on the global economy pressurized the currency and raised the safe haven appeal of US dollar. More Information about gold tips for today visit my site mcx-trade-tips.blogspot.com

Demand for MCX gold in India, one of the world's top consumers, remained subdued on Monday as local prices rose tracking overseas gains and as the rupee hit a new all-time low against the dollar. More Information about mcx gold price visit my site mcx-trade-tips.blogspot.com

MCX Gold prices clawed their way out of bear market territory Thursday as June NYMEX gold futures spiked over USD 40 to more than USD 1576 an ounce, posting the biggest one-day gain of the year. In the previous session, MCX gold plummeted to its lowest price in 10 months, dropping 20% from its all-time high above USD 1900 to a USD 1527 intraday low. Technical analysts say that low may have sparked the rally. More Information about mcx tips visit my site mcx-trade-tips.blogspot.com