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Commodities seen under pressure on global market cues

Posted on 08 October 2012

Commodities are likely to come under pressure across the board on Monday in the domestic markets, taking cues from weekend close in the global markets. But the strengthening dollar could see gold rise.
With the US jobs data being better than expected, the dollar has gained and could strengthen further. This, in turn, could put pressure on gold and metals in the global market since they are traded in gold. But as regards gold, any weakening of the rupee could make imports costlier and therefore, the yellow metal may rise………………………………………..Full Article: Source


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