Friday, 26 February 2016
Accurate Indian Bullion Market Live Mcx Trading Tips
Gold sees small gains above $1,230/oz
* Prices at bullish 'golden cross' technical signal
* Platinum, palladium extend losses
Gold edged higher on Friday despite a rebound in stocks, underscoring support for the safe-haven metal from bullish technicals and money flows into exchange traded funds.
Spot gold was steady at $1,235.38 an ounce by 0043 GMT, after posting a small 0.4 percent gain in the previous session.
Global equity markets got a boost from an upturn in crude oil on Thursday as the market focused on an upcoming meeting of major oil producers that investors hope could stabilize volatile petroleum markets.
Asian shares rose on Friday following a firmer finish on Wall Street and as investors awaited a meeting of Group of 20 finance leaders that will likely offer words of reassurance, even if little in the way of actual policy stimulus.
Bullion is also supported by bullish technical signals.
Gold was little changed above $1,230 an ounce on Friday as safe-haven gains were capped by an overnight rebound in global equities and oil prices, although technical signals for prices were bullish.
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