Market Update

Market Watch

Thursday, 10 December 2015

Bullion Tips; Latest Gold Update News



The Reserve Bank of India is intervening in the rupee currency futures market. The central bank said in a separate statement issued on late Wednesday it would intervene in the exchange traded currency derivatives market if required. 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.
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Gold was treading water on Thursday as investors stuck to the sidelines ahead of a widely anticipated U.S. rate hike next week, with even a slump in the dollar failing to trigger interest in the metal.
                       Spot gold XAU= was little changed at $1,073.31 an ounce by 0043 GMT, after closing down 0.1 percent in the previous session.
                    Bullion investors are cautious as the U.S. central bank is expected to raise interest rates for the first time in nearly a decade at its next policy meeting on Dec. 15-16.
                  Gold was steady despite a 1.1-percent drop in the dollar index .DXY on Wednesday.
Asian stocks slipped on Thursday as weak oil prices continued to feed global growth worries.
                   The Sensex is up 106.93 points or 0.4 percent at 25142.98, and the Nifty is up 31.85 points or 0.4 percent at 7644.35. About 682 shares have advanced, 201 shares declined, and 36 shares are unchanged.
                 Hindalco, Vedanta, Sun Pharma, Reliance and Tata Steel are top gainers while ONGC, Lupin, Dr Reddy's Labs and HDFC Bank are among losers in the Sensex.

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