Gold inched lower on Monday after posting a third straight week of gains, but the precious metal may get support from worries over the pace of the U.S. economic recovery and China's growth.
Gold eased 0.29 percent $1,321.35 an ounce by 0224 GMT as speculators booked profits from last week's rally, which lifted prices to a 3-1/2 month high at $1,332.10. Gold has gained more than 9 percent so far this year.
Gold premiums in Singapore, a centre for bullion trading in Southeast Asia, were also unchanged from last week at $1.20 to $1.50 an ounce to the spot London prices.
Today’s Trend for Gold:
GOLD (APR)
Trend: Consolidate | Strategy: Buy on dips
R1- 30270, R2- 30750 | S1-29650, S2- 29180
Our company Money CapitalHeight is one of the leading Company which is famous for its accurate MCX Bullion Tips and Commodity Tips. All services are provided through SMS and Instant Messenger. For More info Visit our site www.capitalheight.com/bullion-premium.php or call at 0731-6615050.
Gold eased 0.29 percent $1,321.35 an ounce by 0224 GMT as speculators booked profits from last week's rally, which lifted prices to a 3-1/2 month high at $1,332.10. Gold has gained more than 9 percent so far this year.
Gold premiums in Singapore, a centre for bullion trading in Southeast Asia, were also unchanged from last week at $1.20 to $1.50 an ounce to the spot London prices.
Today’s Trend for Gold:
GOLD (APR)
Trend: Consolidate | Strategy: Buy on dips
R1- 30270, R2- 30750 | S1-29650, S2- 29180
Our company Money CapitalHeight is one of the leading Company which is famous for its accurate MCX Bullion Tips and Commodity Tips. All services are provided through SMS and Instant Messenger. For More info Visit our site www.capitalheight.com/bullion-premium.php or call at 0731-6615050.
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