Daily Commodity Market News By Epic Research - 03rd SEPTEMBER 2014

INDORE, India - Sept. 3, 2014 - PRLog -- COMMODITY WRAPUP

GOLD

Major movement in GOLD MCX short term trend is down , GOLD MCX CLOSED @ 27554 . Gold Recover from bottom @ 27534 ,

go upside till 27898.for keep a close eye on US data, Volatility may Rule the overall market due to USD/INR MOVEMENTS .

BUY GOLD OCT ABOVE 27730 TGTS 27810,27910 SL 27630

SELL GOLD OCT BELOW 27500 TGTS 27420,27320 SL 27600

SILVER

Major movement in SILVER MCX Short term trend is down, SILVER MCX CLOSED @ 42330. Silver Recover from bottom @

42201 go upside till 42950 for keep a close eye on US data, Volatility may Rule the overall market due to USD/INR MOVEMENT

BUY SILVER DEC ABOVE 42580 TGTS 42780,43080 SL 42280

SELL SILVER DEC BELOW 42200 TGTS 42000,41700 SL 42500

SPECIAL NEWS

Japan services sector contracted in August, albeit barely, the latest survey from Markit Economics revealed on Wednesday with a purchasing managers' index score of 49.9. That was down from 50.4 in July, and it slipped below the boom-or-bust score of 50 that separates expansion from contraction. Among the individual components of the survey, new business growth and payroll numbers both re-

mained in expansionary territory for the third straight month.

China's HSBC services business activity index increased to 54.1 in August from 50 in July. This indicated expansion as the index came in above the no-change mark of 50. Service sector expanded in August after showing no change in July, results of a survey by Markit Economics and HSBC Bank showed showed Wednesday. New orders in the service sector continued to increase, and the rate of expansion was fastest since January 2013.

COMMODITY BUZZ

Copper is showing signs of recovery in anticipation that the manufacturing of US will show increase. The ISM data for the month of August is expected to show a increase that is supporting the trading activity in Copper.

Gold futures crashed to two weeks low on Tuesday, pres- sured by a broadly stronger US dollar which offset safe haven demand for the precious metal stemming from heightened tensions between Russia and Ukraine.

Gold traded with mild gains in tight range as escalating Ukraine tension aided some bargain buying, however demand concern weighed the upside. Meanwhile, US market is closed on Monday for the Labor day holiday.

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