Mcx Gold Tips - Gold kicked the trend today adding almost $18 to trade at 1103.70 and seems to be finding support at $1100 as the US dollar tumbled after equities eased on Friday. Traders are not really conform what to suppose, or how to react at this time so they are buying up cheap metals. Silver added 207 points or 1.43% to 14.695 while Platinum saw just a small increase to 984.55. The US dollar collapse 76 points as traders wondered about the Fed meeting and decision on Wednesday.
Mcx Bullions Tips - valuable metals collapse to their lowest in more than five years last week and are headed for its biggest monthly loss in two years as the Federal Reserve is expected to raise interest rates in the second half of 2015. It is down more than 7% this year and US speculators turned most bearish since the government started tracking data in 2006 as the prospects of the first increase in borrowings costs since 2006 fueled a rally in the dollar against a basket of major trading peers and bolstered demand for interest-yielding assets.
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