Market Pearl

Copper Updates Copper rose on Tuesday as the dollar fell and funds piled into the market, but the metal's gains remained vulnerable to the debt crisis in Europe, central bank meetings and key macro-economic data this week, including a U.S. job reports on Friday. With markets in China, the world's largest consumer of copper, closed for a week-long holiday, volumes will be thin and metals are unlikely to stage dramatic moves, analysts and traders said. Three-month copper on the London Metal Exchange rose 0.3 percent to $8,325 per tonne at 1048 GMT extending gains from $8,299.5 per tonne at the close on Monday, when it rose about one percent. Volumes were a slim 8,273 lots. After having previously been found outside of the United States, tungsten filled gold bars have now apparently been making the rounds in Manhattan. Tungsten is a relatively cheap and readily available metal compared to precious gold. Gold News Furthermore, it seems that such counterfeit bars can fool even

MCX Bullion updates MCX Silver showing some down side pressure. Global gold prices may remain bullish this week and try to move to the $1,800-an-ounce level as momentum helps to propel prices up. Global gold prices were down last week and advanced by 5.1% on the month. The most-active December gold contract settled at $1,773.90 an ounce on the Comex division of the New York Mercantile Exchange. Trade volume in markets may be lighter than usual as China celebrates holidays this week. Several market watchers pointed out last week that gold priced in euros set a new record high last week, and given the current environment for gold, prices may rise further. With a cooler-than-normal weather predicted for the next fortnight, natural gas futures are up on the MCX with the October contract gaining 1.93% at Rs.179.50. The November futures ended on the NYMEX on Friday adding 0.5% to settle at $3.313 per million British thermal units. The contract is up $0.065 at $3.385 as on 1:30:07 AM CT. Ho