Commodity Market News- 19-july-2011

ROCKING RALLY IN PRECIOUS METAL-

International gold futures broke the $1600 mark while the domestic silver futures on MCX breached the crucial Rs. 60k mark. The latest rally in silver, gold and other commodities can be ascribed to the sharp pull in the US dollar against the single currency. The Euro has appreciated by more than 1% against the greenback in less than a week's time and hence has been boosting the entire dollar denominated commodities.

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LME INVENNTORY DATA FOR 18^TH JULY 2011

LME Inventories Data
(in tons)	18-Jul	Change	15-Jul
Aluminum	4404225	-7950	4412175
Copper	462950	925	462025
Nickel	102354	-840	103194
Lead	307525	-325	307850
Zinc	887300	-4050	891350
Tin	21350	45	21305