RoboXpress Blog

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• Comex Gold Lower But In Sideways Channel
• Cotton Review: Bucks Outside Weakness Amid Spec Interest
• Sensex, Nifty gain 1% each in bullish mkt
• KSE Index gains 308.24 points on 06-07-2009

Comex Gold Lower But In Sideways Channel Posted: 05 Jul 2009 08:31 PM PDT Comex gold is sharply lower but overall in a sideways channel, says J.B. Slear, CEO of Fort Wealth Trading. “Gold is money,” he says. “It’s the opposite of the U.S. dollar. With the dollar up, gold is down.” The dollar index is up nearly two-thirds of a point, and Aug gold in turn is down [...]

Cotton Review: Bucks Outside Weakness Amid Spec Interest Posted: 05 Jul 2009 08:24 PM PDT NEW YORK–ICE Futures U.S. cotton settled off of three-week highs Thursday as speculative buying overpowered outside weakness and trade hedging. Most-active December cotton settled up 44 points at 60.92 cents a pound and the nearby July contract settled 7 points higher at 56.80. For the week, December gained 4.08 cents. Cotton gapped higher [...]

Sensex, Nifty gain 1% each in bullish mkt Posted: 05 Jul 2009 08:16 PM PDT Mumbai: The stock markets remained bullish past week as the key indices Sensex and Nifty gained one per cent each amid high expectations about sops to the industry and economic reforms in the Union Budget to be presented on Monday. During the week, the Economic Survey has recommended sweeping tax reforms and asked the Government to [...]

KSE Index gains 308.24 points on 06-07-2009 Posted: 05 Jul 2009 08:12 PM PDT KARACHI: Continuous inflow of foreign investment in the equity market and cut in NSS rates encouraged the local institutions and retail investors to take fresh positions during the week ended on July 3, 2009. The KSE-100 index surged by 308.24 points, or 4.3 percent, to close at 7,471.28 points level from previous week’s 7163.04. Trading improved [...]

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