Daily Commodity Report by www.epicresearch.co -- 4 Feburary 2013

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indore, India (prHWY.com) February 4, 2013 - HEADLINES

Government hikes import tariff value of gold, silver.The government today hiked the import tariff value of gold and silver marginally to $ 545 per 10 gram and $ 1018 per kg, respectively, amid volatile movement in the global prices of precious metals. The tariff value is the base price on which the customs duty is determined to prevent under-invoicing. During last month, the tariff value of gold was $ 542 per 10 gram, while silver was $ 999 per kg.Copper Settles 1.4% Higher.Copper futures settled at their highest level in nearly four months amid signs the U.S. economy is growing stronger. The most actively traded contract, for March delivery, gained 5.25 cents, or 1.4%, to settle at $3.7845 a pound on the Comex division of the New York Mercantile Exchange. This was the highest settlement price since Oct. 4, when copper futures settled at $3.7860 a pound.


 TRADING TIP:
Buy Copper Feb
Above 444.50
TGTS-447/450
SL-443.80
Sell Zinc Feb
Below 115.20
TGTS-114.20/113.20
SL- 115.80

ANALYSIS
OPEN: 29938
HIGH: 30050
LOW: 29910
CLOSE: 30035
GOLD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE
ANALYSIS

OPEN: 58400

HIGH: 58460

LOW: 58384

CLOSE: 58418

SILVER LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE

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