Daily Commodity Report by www.epicresearch 25th January 2013

Gold dropped ,retreating from the previous session's one-month high, as signs of an improving global economy capped investor interest in safe-haven investments.

ListFree.org (Press Release) - Friday, January 25th, 2013

HEADLINE
Gold down on EU data, better economic outlook.
Gold dropped ,retreating from the previous session’s one-month high, as signs of an improving global economy capped investor interest in safe-haven investments. The metal fell for the first time in the last three sessions, after the European Commission said consumer morale in the euro zone improved sharply in January. Reuters polls also showed that the world economy should perform slightly better this year on recovering Asian growth.

Morgan Stanley Says Copper Price to Rise 7.6% in 2013 on Demand

Copper prices will advance 7.6 percent in 2013 from last year as demand in China, the U.S. and even Europe is forecast to rise amid a supply deficit for the metal, according to Morgan Stanley. The bank projected copper prices to rise to $8,554 a metric ton, or $3.88 a pound, in 2013 from $7,952 a ton in 2012, analysts Peter Richardson and Joel Crane wrote in a report today. They forecast the price to decline to $8,157 a ton in 2014 and $7,496 in 2015..

TRADING TIP:
• Sell Copper Feb
• Below 437.50
• TGTS-434/431
• SL-439.50

• Sell Zinc Jan
• Below 110.40
• TGTS-109.80/109
• SL- 111

ANALYSIS
DAILY MCX GOLD CHART
ANALYSIS
OPEN: 30815
HIGH: 30847
LOW: 30659
CLOSE: 30691

• GOLD LOOKS SIDEWAYS
• TREND: CONSOLIDATE
• STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART

OPEN: 59680
HIGH: 59947
LOW: 59525
CLOSE: 59865

• SILVER LOOKS SIDEWAYS
• TREND: CONSOLIDATE
• STRATEGY: BUY ON DIPS

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