Gold was little changed on Friday but was on track for its biggest monthly gain since July after investors and speculators chased prices higher on concerns about the pace of the U.S. economy and unrest in Ukraine.
Cash gold was nearly flat at $1,330.86 an ounce by 0338 GMT, down from a four-month high of $1,345.35 struck on Wednesday.
Cash gold was nearly flat at $1,330.86 an ounce by 0338 GMT, down from a four-month high of $1,345.35 struck on Wednesday.
Gold has gained 7 percent in February, its biggest monthly rise since the 7.2 percent added in July.
Today’s Trend for Gold:
GOLD (APR)
Trend: Consolidate | Strategy: Buy on dips
R1- 30370, R2- 30750 | S1-29850, S2- 29580
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Ambuja Cements said that it is not pursuing the merger with ACC owing to some constraints. Meanwhile, the board approved an arrangement with ACC for the sale and purchase of materials and services.
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