- Gold steadied on Friday but largely retained losses made a day earlier when the metal suffered its biggest slide in five months after the Federal Reserve hiked U.S. rates for the first time in nearly a decade.
- Spot gold XAU= ticked up 0.3 percent to $1,053.96 an ounce by 0051 GMT as the dollar eased on profit taking following sharp gains.
- The metal slid 2 percent on Thursday, its biggest one day slide in five months. It is down 2 percent for the week in its worst weekly performance in six weeks.
- Assets in SPDR Gold Trust (GLD), the world's top gold-backed exchange-traded fund, fell 0.70 percent to 630.17 tonnes on Thursday, the lowest since September 2008.
- China could be facing peak coal demand for the first time ever as a cooling economy and structural changes in its industry hit consumption, paving the way for India to emerge as the main driver of global coal use by 2020, the International Energy Agency said.
- Asian shares took their cue from Wall Street and slipped on Friday, but were still on track for gains in a week marked by the first U.S. interest rate hike in nearly a decade and a depreciating yuan.
Friday, 18 December 2015
Bullion Share Market Update By CapitalHeight
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