Daily Commodity Report By www.epicresearch.co - 28 December 2012

HEADLINES: Gold near four-month low; set for worst week since June. Gold was near a four-month low and set for its steepest weekly loss since June as investors were discouraged by

Indore, India (prHWY.com) December 28, 2012 - Daily Commodity Report by www.epicresearch.co - 28 December 2012


HEADLINES:
Gold near four-month low; set for worst week
since June.

Gold was near a four-month low and set for its steepest
weekly loss since June as investors were discouraged by
a weaker euro and stalled U.S. budget talks. Bullion
 TRADING TIP:
Buy Gold Feb
stood at $1,649.20 per ounce by 1411 GMT, barely
changed on the day after earlier hitting a low of
$1,635.24. It touched a four-month low of $1,635.09.
U.S. Comex February gold futures were up 0.25 percent
spot gold and U.S. futures were on track for a fourth
at $1,650.00 after hitting a low around $1,636. Both
straight weekly drop and have so far shed about 3
percent, the steepest fall since late June.
Copper Gains After Biggest Drop in Two
Months on China
Copper rose in London after the biggest fall in two
months yesterday as data showed a rebound in imports
by China, the biggest metal user. Refined-copper
imports by China last month climbed 8.7 percent from
mailed by the General Administration of Customs
October to 250,666 metric tons, according to data e-
today. Copper production fell short of demand by
55,000 tons in September, bringing the shortage for the
year so far to 594,000 tons.

Trading tip:

Buy Gold Feb
Above 30950

TGTS-31050/31125

SL-30880

Sell Nickel Dec
Below 959
TGTS-956/952

SL-963.20

Previous Performance

DAILY MCX GOLD ANALYSIS:
OPEN: 30888
HIGH: 30934
LOW: 30851
CLOSE: 30913
GOLD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
DAILY MCX SILVER ANALYSIS:
OPEN: 58286
HIGH: 58286
LOW: 57801
CLOSE: 58165
SILVER LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
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