Daily Commodity Report by www.epicresearch.co -- 6th Feburary 2013

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indore, India (prHWY.com) February 6, 2013 - HEADLINES

* Gold lower as economy improves, platinum metals up.
Gold fell on, retreating from an initial rally, as solid gains in U.S. equities and an improving economic outlook weighed on the metal's safe-haven appeal. Palladium and platinum rose on better demand expectations after data showed the U.S. services sector expanded in January, while European business optimism hit an eight-month high. Bullion rose earlier in the session after data showed Hong Kong's net gold flow to mainland China jumped 47 percent in 2012 to a record high.

* Copper Climbs as Signs of Global Recovery Boost Demand Outlook.
Copper rose to near a four-month high as signs of a consumers of the metal, strengthen the outlook for demand for industrial metals. Aluminum also advanced. Copper for three-month delivery gained as much as 0.6 percent to $8,322 a metric ton on the London Metal Exchange and was at $8,308.75 at 11:28 a.m. in Seoul. The price touched $8,346 on Feb. 4, the highest level since Oct. 5. Futures for delivery in May rose 0.4 percent to 59,990 yuan ($9,625) a ton on the Shanghai Futures Exchange.


 TRADING TIP:
Buy Copper Feb
Above 443.00
TGTS-446/450
SL-441.80

Sell Zinc Feb
Below 114.80
TGTS-114.00/113.00
SL- 115.40


DAILY MCX GOLD

 ANALYSIS
OPEN: 30731
HIGH: 30820
LOW: 30551
CLOSE: 30599

GOLD LOOKS DOWNWARD
TREND: BEARISH
STRATEGY: SELL ON RISE


DAILY MCX SILVER


ANALYSIS

OPEN: 58432
HIGH: 58790
LOW: 58052
CLOSE: 58356


SILVER LOOKS DOWNWARD

TREND: BEARISH

STRATEGY: SELL ON RISE



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