Market Update

Market Watch

Wednesday, 23 December 2015

Live Bullion Share Market Update By CapitalHeight

Gold drifted in a tight range on Wednesday, holding overnight losses, as investors awaited cues from the dollar and oil markets in thin pre-holiday trade. For more live update & Mcx Bullion Market Tips visit or call @ 0731-6615050; +91 9993066624.

Market Outlook:- 
  • Gold eased on Tuesday after a two-day rally, shrugging off the weak dollar and rebound in oil prices as dealers squared their books ahead of year-end amid typically light trade leading up to the Christmas holiday.
  • Spot gold XAU= was little changed at $1,073.46 an ounce by 0040 GMT. The metal eased 0.6 percent on Tuesday, snapping a two-day rally.
  • Bullion failed to get a lift from a softer dollar, weak U.S. housing data and a modest rebound in oil prices.
  • Trading is expected to be quiet as liquidity thins ahead of the Christmas holiday. Japanese markets were closed on Wednesday.
  • The metal is up 2.5 percent from last week's trough, which was near the lowest level since early 2010, reached after the Federal Reserve announced its first rate rise in nearly a decade, raising uncertainty over the pace of further increases.
  • The Indian rupee opened higher by 6 paise at 66.26 per dollar against previous close of 66.32.

1 comment:

  1. Epic Research recommends that Gold prices recovered from lows supported by a softer dollar and cautious interest rate comments by a voting U.S. Federal Reserve policy member.