The Best Commodity Tips provider says, the employment figures in the US today will be released today and before that the decline in gold has increased. Its price has slipped below $ 1210 in the global market. This is the lower level of the last 1 year. In fact, the dollar has strengthened, and in the meanwhile, the Bank of England has also raised interest rates. Gold demand is already weak and in such a situation, gold has been hit on all sides. It is believed that gold can soon break the level of $ 1200. There is also a decline in silver.
On the other hand, the rise in supply has led to the break-up of crude oil. Indeed, after Saudi Arabia, Russia has also increased production. Today, there is a decline in metal prices on the London Metal Exchange, and this week, the price of copper has fallen nearly 3 percent, which is the biggest weekly fall in the past month. However, the weakening of the rupee against the dollar has increased and the price of 1 dollar is worth 68.70 rupees.
Rudra Investment Best Commodity Tips
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NCDEX Castor Seed (August futures):
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Buy - 4700
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Target - 4820
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Stop loss – 4640
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NCDEX Gahhun (August futures):
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Buy - 1980
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Target- 2010
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Stop loss - 1966
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MCX Crude Oil (August Futures):
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Buy - 4740
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Target - 4800
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Stop loss – 4700
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MCX Gold (October futures):
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Buy – 29750
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Target - 29950
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Stop loss – 29600
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MCX Copper (August futures):
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Buy - 418
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Target - 425
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Stop loss – 414
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