According To Commodity Tips Expert
Report The rupee has received a huge improvement today as compared to the
dollar. The price of the dollar has come to Rs 71.30. The rupee has been
trading at the high level of the last 2.5 months, with a strong 0.5% against
the dollar. In fact, the dollar index has dropped to the lowest level of 2
weeks. At the similar time, Euro is at a two-week high of dollars.
Meanwhile, Commodity Tips Expert
has anticipated a 6 percent drop in the dollar next year. However, there is no exact
support for gold in the global market and there is a slight heaviness from the
upper level. Silver also slipped 0.5 percent. In fact, interest rates in the US
are likely to increase next month.
Earlier, copper is also weak on
LME by the tensions between the US and China. Along with the concerns of global
growth, crude oil has also come under heaviness. Brent is trading below $ 67
and NYMEX crude is trading at $ 57.
Commodity Tips Expert
Investment advice
MCX Gold (December futures): Buy - 30850, Stop loss
- 30750, Target - 31000
MCX Crude Oil (December futures): Buy - 4050, Stop
loss - 3990, Target - 4140
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