Market Update

Market Watch

Wednesday 18 March 2015

Indian Mcx Market Tips; Today Commodity Gold News

Gold comes off four-month low; Fed outcome eyed :-
Gold prices edged higher in Asia on Wednesday as investors tread carefully ahead of a Federal Reserve review of monetary policy that may signal a rate rise ahead. On the Comex division of the New York Mercantile Exchange, gold prices for April delivery edged up 0.07% to $1,149.00 a troy ounce.
Prices for silver futures fell 0.26% to $15.537 a troy ounce. Copper futures, meanwhile, also dropped 0.033 or 1.23% to 2.635 a pound. Overnight, gold plummeted to $1,141.60 early in U.S. morning trading, its lowest level since early-November, before moving up to near $1,160 in less than an hour.
Gold hovered near its lowest level in more than four months on Wednesday ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in U.S. interest rates.While the U.S. economy has been strengthening as evidenced by a firming labour market, the housing sector remained weak.
Gold edged up on Wednesday after hitting a more than four-month low in the previous session, while traders remained cautious ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in US interest rates. U.S. gold was steady at $1,149.50 an ounce. =====================================================
Take a Free Trial of our MCX Bullion Tips and Commodity Tips and gain sustainable profits in MCX and Commodity Market. For 2 Days Free Trial, please visit our site at www.capitalheight.com/bullion-premium.php or Call at 0731-6615050.

No comments:

Post a Comment