Daily Commodity Report By www.epicresearch.co - 21 December 2012

HEADLINES: Gold near four-month low; US budget talks watched. Gold regained some footing as the euro stayed near an eight-month high against the dollar and talks to avoid a

Indore, India (prHWY.com) December 21, 2012 - Daily Commodity Report by www.epicresearch.co - 21 December 2012


HEADLINES:
Gold near four-month low; US budget talks
watched.

Gold regained some footing as the euro stayed near an
eight-month high against the dollar and talks to avoid a
fiscal crisis in the United States seemed to stall again,
but the metal was still on track for its fourth weekly fall.
Gold was little changed at USD 1,647.06 an ounce by
GMT after falling to its weakest level since August
funds and signs of an improving US economy. US gold
in the previous session on heavy liquidation by hedge
for February rose USD 2.30 an ounce to USD 1,648.20.
Base metals prices may remain stronger in
near term
Epic Research has come out with its report on metals
sector. According to the research firm, steel prices in
most of the geographies remained stable on the back of
recovery hope in China. The CIS Black Sea (fob) export
HRC prices rose 2% to US$532/ tonne. Domestic prices
respectively during the same period. Overcapacity and
in China and Europe rose marginally by 0.2% and 0.7%
high utilizations however continue to be a major
concern for the industry.

Trading tip:

Sell Aluminium Dec
Below 111.70

TGTS-111.10/110.40

SL-112.30
Sell Zinc Dec
Below 111.70
TGTS-111/110.20
SL-112.30
Previous Performance

DAILY MCX GOLD ANALYSIS:
OPEN: 30844
HIGH: 30969
LOW: 30370
CLOSE: 30482
GOLD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
DAILY MCX SILVER ANALYSIS:
OPEN: 59501
HIGH: 59914
LOW: 57223
CLOSE: 57351
SILVER LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
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