GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

GOLD TREND: CONSOLIDTE

STRATEGY:- SELL ON HIGH

S1- 26800 S2- 26600

R1- 27200 R2- 27500

SILVER TREND: CONSOLIDATE

STRATEGY ELL ON HIGH

S1-44500 S2- 44000

R1- 45500 R2- 46500

COPPER TREND: CONSOLIDATE

STRATEGY:- BUY ON DIPS

S1-390 S2- 385

R1-400 R2- 408

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GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

CRUDE TREND: CONSOLIDATE

STRATEGYUY ON DIPS

S1-5050 S2- 5000

R1- 5200 R2- 5250

NATURAL GAS TREND: CONSOLIDATE

STRATEGY:- SELL ON HIGH

S1-212 S2- 208

R1- 225 R2- 230

LEAD TREND: CONSOLIDATE

STRATEGY:- SELL ON HIGH

S1-108 S2- 106

R1- 111 R2- 113 

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GM BULLION OPENING BUZZ

GM BULLION OPENING BUZZ:- 

GOLD:- 27006
SILVER:- 45213
COPPER:- 394.55
NICKEL:- 814.40
CRUDE:- 5166
NATURALGAS:- 217.60
LEAD:- 109.80
ZINC:- 100.75
ALUMINIUM:- 100.55

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ASIAN STOCKS

Asian shares rose after the interest rate cut by the ECB added to hopes that more stimulus from yet another major central bank will help shore up the global economic recovery.

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U.S.STOCKS

U.S. stocks closed about 1 percent higher on Thursday, led by tech shares, after weekly jobless claims figures pointed to improving labour market conditions a day before the closely watched monthly payroll report.

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U.S.TREASURIES

Benchmark 10-year notes yielded 1.62 percent on Thursday. They have fallen from over 1.70 percent a week ago and as high as 2.09 percent in March.

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S&P

The Standard & Poor's 500 Index was up 14.87 points, or 0.94 percent, at 1,597.57

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FTSE

The FTSE 100 closed up 9.42 points, or 0.2 percent, at 6,460.71 points, its highest close in a month.

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EURO

The euro inched higher versus the dollar on Friday, steadying somewhat after sliding the previous day as the European Central Bank cut interest rates and held out the possibility of further policy action.

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PLATINUM

Platinum was up 1.3 percent to $1,490.50 an ounce

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SILVER

In other precious metals, silver rose 1.2 percent to $23.81 an ounce.

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U.S.CRUDE

U.S. crude for June delivery was little changed at $93.80 a barrel by 0036 GMT after settling at $93.99 on Thursday. The contract jumped 3.3 percent in the prior session, its biggest daily increase since early November.

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BRENT CRUDE

Brent crude was 17 cents lower at $102.68 a barrel by 0248 GMT, while U.S. crude for June delivery was down 19 cents a barrel at $93.80 a barrel.

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OIL

Oil jumped about 3 percent on Thursday and gold and copper prices rose too as the euro fell after a rate cut, boosting risk appetite across markets and helping commodities rebound from their weak start for May.

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LME COPPER

Three-month copper on the London Metal Exchange closed up nearly 1 percent at $6,848 a tonne. It had slid 3.7 percent on Wednesday, for biggest one-day loss in over a year.

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COPPER

Copper recouped a chunk of what it lost in the previous session, although the top industrial metal remained below the $7,000-a-tonne price critical to market bulls.

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SPDR GOLD

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.56 percent to 1,069.22 tonnes on Thursday -- the lowest since September 2009.

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U.S.GOLD

U.S. gold was at $1,474.80 an ounce, up $7.20.

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SPOT GOLD

Spot gold hit an intraday high around $1,468 an ounce and stood at $1,466.74 by 0022 GMT, up only 50 cents from the previous close. Investors are waiting for U.S. non-farm payrolls report for April due on Friday, which will signal the longer-term prospects for the Fed's monetary stimulus.

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GOLD

Gold edged up slightly on safe-haven buying on Friday, heading for a second straight weekly gain, after the European Central Bank cut interest rates to an all-time low and the U.S. Federal Reserve said it would keep up its bond purchases to spur growth.

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U.S.STOCK MARKET UPDATE

U.S. stocks closed about 1 percent higher on Thursday, led by tech shares, after weekly jobless claims figures pointed to improving labour market conditions a day before the closely watched monthly payroll report.

The Dow Jones industrial average was up 130.63 points, or 0.89 percent, at 14,831.58. The Standard & Poor's 500 Index was up 14.87 points, or 0.94 percent, at 1,597.57. The Nasdaq Composite Index was up 41.49 points, or 1.26 percent, at 3,340.62. 

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GM BULLION OPENING BUZZ

GM BULLION OPENING BUZZ:- 

GOLD:- 27020
SILVER:- 44896
COPPER:- 373
NICKEL:- 797.70
CRUDE:- 5028
NATURALGAS:- 217.10
LEAD:- 105.50
ZINC:- 98.10
ALUMINIUM:- 97.95 

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GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

GOLD TREND: CONSOLIDTE

STRATEGY:- SELL ON HIGH

S1- 26700 S2- 26450

R1- 27200 R2- 27500

SILVER TREND: CONSOLIDATE

STRATEGY ELL ON DIPS

S1-44000 S2- 43500

R1- 45000 R2- 45500

COPPER TREND: CONSOLIDATE

STRATEGY:- SELL ON HIGH

S1-365 S2- 360

R1- 380 R2- 385

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