MCX PIVOT POINT

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Friday, July 4, 2014

Commodity Morning View For 04 July 2014

Bullions:- Gold slipped on Thursday after U.S. nonfarm payrolls rose more than expected in June, fueling expectations U.S. interest rates could rise earlier than expected. And also record highs on Wall Street dented bullion's safe-haven appeal.U.S. employment growth jumped in June and the jobless rate closed in on a six-year low, compelling evidence the economy was growing briskly heading into the second half of the year. Nonfarm payrolls increased by 288,000 jobs and the unemployment rate declined to 6.1 percent, the Labor Department said on Thursday. 

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