Brent crude trades above USD 124/bbl

London Brent crude prices were stable above USD 124/barrel on weak dollar.

April 25, 2011 / 15:28 IST

By Gautam Broker, Research Analyst at CNBC-TV18

Dollar Index saw 3-year low last week. Dollex was off lows today above 74.

London Brent crude prices were stable above USD 124/barrel on weak dollar.

Spot gold hit record levels above USD 1513/ounce today.

Silver is heading to USD 47/ounce - hit fresh 31-year high.

LME copper was up 3.2% in 4 sessions last week. LME is shut today.

One should watch out for USD new home sales data today.

Admisi advised buying gold MCX June contract at Rs 22,150 per 10 gram, with a target of Rs 22450 and keep a stoploss of Rs 22020.

first published: Apr 25, 2011 08:27 am

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