buying likely in gold lululemon
Gold prices in the domestic market could gain as investors are likely to go in for value buying. Also, since prices have been hammered in the past few days, technical correction is likely to set in.
In the global market, the yellow metal pared losses marginally on hopes that the recent decline could lead to buying interests since buyers in Asia are set to return after the Chinese New Year holidays.
Back home, the rupee movement against the dollar holds key as any rise in the Indian currency will make imports of commodities such as gold chan luu, vegetable oil and crude oil cheaper vivienne westwood.
In Mumbai on Wednesday oakley military, gold for jewellery (99.5 purity) fell to Rs 30,210 for 10 gm, while pure gold (99.9 purity) dropped to Rs 30,345 beats by dre.
The oils and oilseeds complex could also see some correction setting in after steep fall in the last couple of session casque beats studio. Overnight on the Chicago Board of Trade (CBOT) hermes bracelet, soyabean May contracts closed higher at $14.135 a bushel Pandora Necklace. On Bursa Malaysia Derivatives Exchange, crude palm oil April contracts fell to 2,505 ringgit ($811) a tonne on Wednesday.
The grains complex is seen under pressure as Brazil and Argentina are projected to produce a higher corn (industrial maize) crop. Slow demand for export is likely to drag wheat Pandora Charms.
On CBOT, wheat March contracts quoted at $7 hermes belt.355 a bushel, while corn contracts for the same month ended at $6.955 a bushel.
Crude oil rally could be under threat with production in the US rising to a 20year high and Iran willingness to hold talks with nuclear inspectors from the US.
Brent crude for delivery in April slipped to $117.88 a barrel, while NYMEX crude March contracts quoted at $97.13 a barrel pandora beads.
This could see natural rubber under pressure as its alternative synthetic rubber, derived from crude oil, could slip.
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