Thursday, 9 October 2014
Live Mcx Trading Tips; Gold rises to near 2-week high
Money CapitalHeight Research Pvt. Ltd is one of the best companies which assure for great benefits to the small investors or individual investors without having any worry about others. We are providing Mcx Tips, Free Intraday Mcx Tips, Mcx Trading Tips, Bullion Tips, Nifty Option Tips, Live Tips, Commodity Tips on mobile .For more detail info: www.capitalheight.com/bullion-premium.php or call us on 9993066624 and 0731-6615050.
Gold climbed to its highest in nearly two weeks on Thursday as expectations of an early hike in US interest rates eased and the dollar lost traction after the release of minutes of the last Federal Reserve policy meeting.
* Spot gold rose to USD 1,223.61 an ounce early on Thursday, before paring gains to trade down 0.2 percent at USD 1,219.30 by 0036 GMT. The metal had risen for three days in a row before Thursday.
*US gold futures jumped over 1 percent to USD 1,224.30 - also close to a two-week peak, while silver futures rose nearly 2 percent.
The US dollar, which has risen in the last 12 weeks, hit a two-week low, boosting gold's appeal. * Bullion investors had feared that strong US economic data would prompt the Fed to boost rates soon, a move that would dent demand for non-interest-bearing gold.
Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27-month low hit in the previous session as the US dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Expectations that oil demand could increase towards the end of this month - even though US crude stocks increased more than expected last week - also helped to support prices.