Daily Agri Report By www.epicresearch.co - 02-Jan-2013

HEADLINES: * Gold regains strength on U.S. fiscal talks progress. Gold rebounded from intraday lows on Wednesday after last-minute talks to end the U.S. "fiscal cliff" crisis

indore, India (prHWY.com) January 2, 2013 - Daily Commodity Report by www.epicresearch.co - 02 January 2013


HEADLINES:
* Gold regains strength on U.S. fiscal talks progress.

Gold rebounded from intraday lows on Wednesday
after last-minute talks to end the U.S. "fiscal cliff" crisis
showed signs of progress. A weaker U.S. dollar also
lifted gold, which was likely to rise further as equities
firmed on hopes the House of Representatives would
vote to avert tax rises and spending cuts that are
technically already in force, and prevent the country
from plunging into recession.
* Expect Gold, Crude, base metals to trade
positive.
Angel Commodities has come out with its report on
international commodities. According to the research
firm, in the evening session gold, crude oil and base
metals prices are expected to trade with a positive bias
due to improved buying at lower levels along with
optimism that the US law makers were able to avert the
fiscal cliff issue of the nation. Indian Rupee appreciated
0.15 percent in todays' session. US law makers were
able to avert the fiscal cliff issue.

Trading tip:

* Buy Silver Mar
* Above 57930
* TGTS-58100/58300
* SL-57693

* Buy Crude oil Feb
* Above 5040
* TGTS-5070/5100
* SL-5010
Previous Performance
*
DAILY MCX GOLD ANALYSIS:
* OPEN: 30818
* HIGH: 30925
* LOW: 30811
* CLOSE: 30888
* GOLD LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DIPS
DAILY MCX SILVER ANALYSIS:
* OPEN: 57851
* HIGH: 57973
* LOW: 57755
* CLOSE: 57918
* SILVER LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DIPS

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Categories: Finance

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