Market Update

Market Watch

Monday, 14 December 2015

Today’s Bullion Trading Update By CapitalHeight

  • Gold started off a crucial week on the back foot on Monday.
  • Spot gold fell 0.2 percent to $1,072.11 an ounce by 0042 GMT.
Higher rates are expected to hurt demand for non-interest-paying bullion, while boosting the dollar.
Gold has already slid 9 percent for the year, its third straight annual decline, in anticipation of higher rates.
The Indian rupee opened at a fresh two-year low at 67.09 per dollar.The Sensex is down 170.63 points or 0.7 percent at 24873.80 and the Nifty down 54.75 points or 0.7 percent at 7555.70. About 192 shares have advanced, 335 shares declined, and 66 shares are unchanged.Oil producers also saw sharp declines in their stocks in Asian trade.
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  2. Oman's Oil Minister Mohammed bin Hamad al-Rumhi said on Monday he expects oil prices to remain between $70 to $80 a barrel this year.