Monday, January 2, 2012

MCX- COMMODITY LIVE NEWS ( JAN 02)


TIME : 13.35

Goldennifty says:  ``Gold prices extended rise to an 11th year on Friday despite a year-end pullback, gaining 10% from 2010 as investors sought refuge from the euro zone debt crisis amid worries about global growth. U.S. February gold futures on the COMEX division of the New York Mercantile Exchange settled up USD 25.90 from the previous day at USD 1,566.80, ending the year on a positive note as the metal rebounded from Thursday`s sharp losses. Silver logged its first annual loss in three years on Friday, backtracking from a near-doubling in price during 2010, as worries about the global economy and a recent slide in gold hurt demand.  U.S. March silver futures on the COMEX division of the New York Mercantile Exchange settled up 2.2% from  the previous day at USD 27.915, ending the year on a positive note as the metal followed gold`s rally.
www.goldennifty.com

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