Going into the holiday weekend today(Canada Day) & next week(Independence Day) we should naturally get a lift in the market.-sQuareindia.com

Gold, Silver & Oil move lower with the dollar and this tells me there is a short term relief in the way trades are feeling about the economy

Base metals rallied so far on Thursday, amid Greece austerity plan approval, Interest rates hike by European central bank & weak US dollar.

IMF warns to hike debt limit to avert further possibility of global shock may support yellowmetal, weakness in dollar further supports metal

German Unemployment Fell Again in June http://ping.fm/lv8qf

We expect further rise in Gold on account of a weaker dollar overseas. However easing tensions from euro zone may prompt profit taking.

Gold risen as investors parked their money in a traditionally safe investment, fearful about volatility in US stock market & global economy.

Greek citizens withdrawing savings and buying gold http://bit.ly/juBsjo
-sQuareindia Advisory Pvt. Ltd.

U.S. Stocks Fall on Concern Debt Crisis in European Nations Will Intensify http://ping.fm/1VWpT

Iran condemns IEA decision to release oil stocks http://ping.fm/8kiTv

Draghi Appointed to Succeed Trichet at ECB http://ping.fm/UYJGP

China to cut import duty for oil products from July 1st.
-sQuareindia Advisory Pvt. Ltd.

Bullion continued loosing ground on back of stronger dollar after Fed comment as well as profit booking by investors after a hefty rise.

Gold edged down, ahead of the outcome of a US Federal Reserve meeting, which could squeeze the dollar but worries that Greek debt crisis.

Rupee opens positive against dollar on Today supported by Asian equities & currencies, traders expecting US Federal Reserve to hold rates.

Gold gave up early gains on Monday but still supported by eurozone debt woes after ministers delayed a decision on emergency loans to Greece

Greek PM seeks referendum on 'changes to the political system' including nation's constitution: http://ping.fm/2ooSp

Euro zone finance ministers meet today in Luxembourg http://ow.ly/1tUC2j -sQuareindia Advisory Pvt. Ltd.

Comex Gold, Silver Rally on Safe-Haven Buying, Further Weakness in U.S. Dollar Index http://bit.ly/jcJXpz

CME Group Announces 10% Decline In Margins For Comex Gold http://bit.ly/kkBrGH

IMF cuts U.S. growth forecast, warns of crisis - (Reuters) The International Monetary Fund cut its forecast for U.S... http://ow.ly/1dijR2

Gold futures eased Today on a drop in overseas market, but a weak rupee limited downside, spot demand was weak. -sQuareindia Advisory

Today Oil expected to trade in negative bias taking cues from dollar strength coupled with choppy sentiments in global equity markets.

Reserve Bank of India in its mid quarter policy review today raised the repo and reverse repo rates by 25 bps.

Gold falls as Fed stays quiet on monetary policy http://bit.ly/lRAaUK

Investors expect European Central Bank will be quicker to raise interest rates than Fed, so the euro has risen nearly 10%on dollar this year

Crude continued to slip Asia today with traders waiting OPEC decision in which expected to raise production quotas when it meets in Vienna.

OPEC's meeting focus is expected to turn to weekly inventory. Report is expected to show a 400,000 decline in US oil stockpiles.

OPEC could decide 2 push oil prices lower by increasing production.OPEC officials said prices r too high &threaten global economic recovery.

There are increased expectations that the ECB at its meeting Thursday could signal an interest rate hike of 25 basis points in July.

Gold consolidating sideways between $1515 & $1562. Daily RSI is pointing higher, but is not characteristic of a strongly trending market.

Analysts said the yellow metal is likely to extend gains during the day as its safe haven appeal climbing on Mid East and euro zone crisis.

Gold & Silver should continue higher this week as dollar weakness & continued geopolitical uncertainty will support the precious metals.

Dollar is looking like it will slide to new low then reverse sharply to upside in next 2-3 months sending stocks & commodities to lower.

IMF Reaches Staff Level Agreement with Egypt on a US$3 Billion Stand-By Arrangement http://bit.ly/liltL7

17 Analysts survey about Next week Gold:
15 forecast Rise
1 said Fall
1 member Neutral

Gold ends higher oil falls sharply in New York http://bit.ly/kvLM84

U.S stocks open with steep declines after disappointing jobs report http://ping.fm/4Ww1v

Today's Economic Data:
"Unemployment Rate"
Actual:9.1%
Forecast:9.0%
Previous:9.0%
*Data Slightly Negative for Dollar

Today's Economic Data:
"Non-Farm Employment Change"
Actual:54K
Forecast:161K
Previous:244K
*Data Negative for Dollar

Crude Oil is hovering above $100 amid mixed movement in Asian stocks as traders maintain caution ahead of the all-important US nonfarm data.

Analysis:
"Gold & Silver immediate Support at $1522 & $35.42 levels"

S&P and sector percentage of stocks above their 50-day moving averages: http://tinyurl.com/6x3l628

EIA Crude Inventories:
#Crude Rise 2.9M
#Distillates Down 0.5M
#Gasoline Rise 1.6M

Today's Economic Data:
"Unemployment Claims"
Actual:422K
Forecast:416K
Previous:424K
*Data Positive for Dollar

We expect prices to move after EIA report release, but if pessimism continues to dominate investors, we should expect crude oil to drop.

Downside looks limited for Gold as the bad economic data, the downgrade of Greece by Moody's are keeping the metal supported.