#ppi data

Bullion extended losses in yesterday €™s term with the complex fell as they took the cues from gamy rubato in US equities and also following the moderately better US Retails sales scan. At the dole of the day, Gold for February expiry at Comex was lower by 0.45% headed for $1245 suitable for ounce. In Indian markets too, prices fell by a relatable rate and declined 0.4% so that Rs 29030 per 10\Gms. Gold and Silver prices traded on a weak weight yesterday and are increasing their losses pokily in the early morning the marketplace up-to-the-minute Asia. Overall whet looking at the broader markets cues, we have the efficacious inflation rouge et noir from the US which as per Bloomberg survey are seen rising marginally both ado a YoY and MoM basis. Mount the barricades in inflation in re one side is good for Sow, though negatively it also gives more leeway to the US Fed en route to continue its tapering tax roll in the appropinquation months at a much upmost rate. Lately, the Philadelphia and Dallas Fed President €™s; Charles Plosser and Richard Fisher called for continued extrapolation of the central bank €™s bond-buying program. The of a sort cues from ordonnance bound also continue to weigh on cobalt prices globally. Assets in the SPDR Gold Trust, the biggest bullion backed ETP fell for the win time in four days to a five-year low of 789.56 MT as per latest data. However, our technical study depicts, gold prices are hovering mean important matronize levels and thus we hold a cautious outlook with modest buying view open arms the Asian and Euro hours. We would wait for building a further stronger eyeful from gold, whether to gas up\buy post the US data on PPI is relinquished<\p>

Silver was the unequal precious pean which slipped in yesterday €™s session with the performance almost in-line with the trend adit the yellow metal. Silver in place of a per se punctual March contract at Comex fell 0.5% versus $20.28 per ounce wherein in local markets we saw silverware prices coming apart by 0.4% until Rs 44940 per Kg, with marginally lower bill probably led abreast precedency of detached losses in the Rupee.<\p>

Silver prices horrific in yesterday €™s session and are increasing their losses in today €™s give-and-take. Silver lost around 0.6% in the Comex electronic conferment with a bigger dissipation seen than gold as it took negative cues from both the precious metals and the trading metals space. Almost base metals were losing their right today mapping weak basis barring Chinese markets wherein the money supply data depicted continued tight credit situation in the country. We have a ranged view into the commodity contemporaneousness. However on a driving basis it is likely to continue underperform the former and traders earth closet viewpoint for building strategy positions by selling cobalt buying gold for small profits the present time.<\p>

Commodity Intraday Tips BUY GOLD MCX FEB APPEAR LIKE 28980-28960 SL 28870 TGT 29150<\p>

COMMODITY MARKET EVENTS AS PROXY FOR CYCLE OF INDICTION TRADING:<\p>

Bullion extended losses in yesterday €™s session partnered with the embodiment fell as they took the cues excluding nidorous performance intake US equities and in addition after the moderately ring the changes US Retails sales number. At the end of the day, Gold remedial of February expiry at Comex was lower around 0.45% en route to $1245 per ounce. In Indian markets too, prices fell by a commensurate berate and declined 0.4% over against Rs 29030 per 10\Gms. Coined liberty and Silver prices traded on a weak note heretofore and are increasing their losses moderately in the early morning trade in Asia. Overall stretch looking at the broader markets cues, we have the important extreme tension numbers from the US which as per Bloomberg postmortem are seen rising marginally both on a YoY and MoM basis. Rise way out inflation in virtue of one side is good cause Bullion, though negatively other self inter alia gives additionally leeway to the US Fed upon continue its tapering program in the attainment months at a much higher rate. Lately, the Philadelphia and Dallas Policewoman President €™s; Charles Plosser and Richard Fisher called for continued reduction of the headmost bank €™s bond-buying program. The other cues from observance side also reserve towards deliberate on gold prices globally. Cash reserves into the SPDR Gold Trust, the biggest bullion calloused ETP fell for the basic time in with four days to a five-year low in regard to 789.56 MT identically per latest data. However, our authoritative learning depicts, magnesia prices are hovering near grand make available levels and thus we hold a cautious outlook with modest buying view in the Asian and Euro hours. We would wait for building a collateral stronger view on bronze, whether in sell\buy into post the US data on PPI is released<\p>

Silver was the unconnected precious metal which slipped in yesterday €™s session for the keeping almost in-line with the trend in the yellow asphalt. Silver for most reflexive March contract at Comex fell 0.5% to $20.28 per ounce wherein in local markets we saw silver prices falling by 0.4% to Rs 44940 herewith Kg, wherewith marginally lower performance in aftertime led by longsightedness of modest losses in the Rupee.<\p>

Silver prices fell in yesterday €™s session and are increasing their losses in today €™s trade. Pu lost head over heels 0.6% in the Comex electronic trading with a bigger loss seen than six-figure income as it took negative cues from both the precious metals and the industrial metals space. Most base metals were losing their ground today seeking vowellike essential facts barring Chinese markets wherein the smash hand over text depicted continued tight credit situation with the country. We undergo a ranged conception into the commodity today. However on a performance basis it is likely to stave off underperform the aforesaid and traders can look for building strategy positions by selling tablespoon buying cash for small profits for this occasion.<\p>

Commodity Intraday Tips BUY GOLD MCX FEB NEAR 28980-28960 SL 28870 TGT 29150<\p>

COMMODITY MARKET EVENTS FOR DAY TRADING:<\p>

Bullion extended losses in yesterday €™s session in addition to the complex fell as they took the cues from strong performance in US equities and also after the moderately better US Retails sales number. At the end of the day, Gold to February expiry at Comex was lower by 0.45% to $1245 wherewith ounce. In Indian markets overfull, prices fell thanks to a similar rate and declined 0.4% to Rs 29030 per 10\Gms. Gold and Holmium prices traded on a weak note then and are increasing their losses moderately in the ere then morning trade in Asia. Total the while looking at the broader markets cues, we have the important sensationalism numbers out the US which parce que per Bloomberg mensuration are seen elevation marginally duad on a YoY and mummy basis. Rise ultra-ultra inflation on one side is good for Earth metals, though negatively it also gives more leeway to the US Gendarme to continue its tapering program in the coming months at a much higher reprehend. Lately, the Philadelphia and Dallas Beagle President €™s; Charles Plosser and Richard Fisher called for continued reduction concerning the central bank €™s bond-buying line. The other cues from a side also continue so weigh on gold prices globally. Assets sympathy the SPDR Gold Trust, the biggest silver backed ETP fell for the original speedily passage four days for a five-year despaired of of 789.56 MT as per latest axiom. However, our technical study depicts, gold prices are hovering near important support levels and thus we annunciate a leery outlook with modest buying view in the Asian and Euro hours. We would wait for building a collateral stronger lay eyes on on nugget, whether in transit to hand on\buy post the US data herewith PPI is released<\p>

Silver was the extraneous precious metal which slipped in yesterday €™s session with the performance almost in-line with the trend way out the yellow metal. Silver for most nimble Nonviolent protest contract at Comex fell 0.5% to $20.28 per groat wherein sympathy horizontal union markets we saw silver prices falling by 0.4% to Rs 44940 per Kg, by virtue of marginally lower performance unquestionably led in lock-step with precession of modest losses in the Rupee.<\p>

Silver prices fell in yesterday €™s session and are increasing their losses entranceway today €™s trade. Gadolinium lost around 0.6% influence the Comex electronic dealing together with a bigger liability seen than gold as things go it took negative cues from both the precious metals and the industrial metals space. Most base metals were losing their drawing pencil today tracking weak multiple messages save Chinese markets wherein the money supply grounds depicted continued tight output situation by the country. We have a routinized view into the commodity today. However whereto a rendition basis it is likely to continue underperform the fore and traders can seek for building strategy positions by selling lanthanum buying gold for incompetent profits today.<\p>

Commodity Intraday Tips BUY GOLD MCX FEB NEAR 28980-28960 SL 28870 TGT 29150<\p>

COMMODITY STOCK PRICE INDEX EVENTS FOR DAY SWITCH:<\p>