Commodity Outlook for Gold by KediaCommodity

GoldGold fell as the dollar was stronger and investors seemed to keep their money on the sidelines ahead of the week's key earnings and economic data points. Gold opened the day at 18430, as investors eagerly anticipated the dawning of earnings season. The metal, aroused by spirited fund-activity, attained a high of 18447 early in trading, before foundering on renewed interest in the greenback to a low of 18333. The commodity consolidated the day at 18364.Now support for the gold MCX is seen at 18316 and below could see a test of 18267. Resistance is now likely to be seen at 18430, a move above could see prices testing 18495.

Trading Ideas:

Dollar Gaining roughly market on cautious note

US-DollarThe dollar added alongside many of its opponents on Monday, as the investors geared a cynical attitude moving ahead of the commencement of the second-quarter U.S. earnings, whilst predicting a vigilant eye on the week's euro-zone debt sale.

Some consternation are trailing ahead of the July 23 issue of the European bank strain examinations results which also reserved the  investors from proposing the euro to advance, as per Dorothea Huttanus, the currency analyst working with DZ Bank AG in Frankfurt.

Vatican faces its third financial loss in a row

Vatican faces its third financial loss in a rowThe Vatican has faced its third financial loss in a row with the loss of 4.1 million euros as deficit. It has seen expenses of 254.3 million euros against income of 250.2 million euros.

While the yearly donations from the churches across the world were climbed up by around 9% and reached at 82.52 million dollars. This donation money is known as 'Peter's Pence'.

The Vatican had used a lot of money to improve its telecommunications and at the same time it was focused on ensuring security and restoring its cultural treasures.

To choose or not to choose

To choose or not to chooseIt is a common situation in almost every household that parents want their wards to grow up to choose lucrative and respectful professions, like Doctor, Engineer, Lawyer, Architect etc.

Very few really ask their children what they want to do. Questions like "What do you want to be when you grow up" are often heard every once in a while.

UCO bank expects to have profit of Rs.13.5 billion

UCO-BankState-run bank, UCO Bank said on Monday that it expects to post a net profit of Rs.13 billion during the current financial year. This was said by the Executive Director of the bank, Ajai Kumar, who was talking to the shareholders today.

Ajai said that the net during the year 2009-10 stood at Rs. 10.12 billion.

The things have changed for good and looking at the current trend this time around the profit should be close to Rs. 13 billion. This amount will be supported by a good growth in both credit and deposit side.

Indian banks to achieve 20% credit growth this year

RBIIndian bankers sounded optimistic about achieving the Reserve Bank of India's target of 20 per cent credit growth for the year as the country is now poised for a revival in credit demand.

Talking to reporters on Monday after the banker's customary meeting with the top officials of the central bank, O. P. Bhatt, Chairman, State Bank of India said that considering the present economic conditions, credit growth would be better than last year.

In such a case achieving RBI's target would not be a very big task.

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