Tuesday, 3 June 2014
Live Mcx Tips- Gold Holds Near Four Month Low
Gold traded near a four-month low in London as investors weighed gains in equities and the dollar against speculation the drop may spur more buying.
The metal’s drop took it below a technical level that suggests to some that prices may be poised to rebound.
Gold steadied on Tuesday after a five-day losing streak but was still trading near its lowest level in four months as stronger equities dented the metal's investment-hedge appeal.
Spot gold edged up 0.2 per cent to $1,246.00 an ounce by 0645 GMT. The five-day decline before Tuesday is the metal's longest losing streak in nearly seven months.
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