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The decline in the US market got support from the gold. 5.5-year low in the international market in gold buying has returned after a long break. Comex nearly 1.25 per cent growth in gold is seeing. Although the gold price still remains below $ 1,100 per ounce. The comex nearly 1 per cent silver is trading at a level of 14.6 dollars per ounce.
There is pressure on gold prices. Comex gold is below $ 1,100. Last week, gold had slipped to 55-year lows. Silver is also under pressure. This week's crucial meeting of the Fed, which is the eye of the market. Copper is at 6-year low.
Meanwhile, US crude oil supplies grow projected softening trend. Crude prices fell by 0.25 per cent on NYMEX Dblutiai monitor the level of 48 dollars a barrel is coming. Also Brent crude price of $ 54.5 per barrel, appear to be on.
US crude oil production increased pressure on prices is increasing its estimates. Today NYMEX price of crude down to $ 48 level had touched. While Brent crude slipped below $ 55. In fact, US crude's gains in the rig count. There is believed to be in production and could grow even further.
Pressure from fears about a fall in copper demand in China has increased. Copper on the London Metal Exchange fell to the low of the last 6 years. The domestic market is trading below Rs 340. The second is even more pressure on the metal.
Although aluminum is visible from below managed to recover. With a gain of 0.3 per cent on MCX Aluminums is trading at Rs 102.5, while zinc is flat move. Although nickel has 1 per cent to Rs 720.2 and 0.25 per cent lead has weakness.
