On Friday in MCX bullion commodity going to bearish sidewhole weak it was showed consolidated trend but now it is in negative side ,the june delivery of gold has fallen by 117 points to its previous close,silver price also showed same position as gold but it fall by 292 points
for getting free mcx commodity tips
GOLD
Gold fell for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead. Gold has lost nearly 6 percent of its value in the six sessions through Thursday as stocks gained on the back of strong US economic data, and on fears the Federal Reserve could end its bullion-friendly bond buying program.
Gold prices fell after data revealed orders for long-lasting manufactured goods in the U.S. came in much stronger in April than anticipated and fueled demand for the U.S. dollar, which normally trades inversely with gold.