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.
For more information 2 Days Free Trial, please visit our
site at www.capitalheight.com/bullion-premium.php
or Call at 0731-6615050.
• Tata Metaliks Limited net zooms 54%
ReplyDelete• Gold prices slip on stronger dollar
Stock Tips
Crude oil price retested 64.20 that was broken previously and keeps its stability below it until now, and continues to form a negative pressure against the Intraday trades, these factors encourage us to keep our bearish overview for the upcoming period, reminding you that the correct targets begin at 62.65 and extend to 61.40 after breaking the previous level,
ReplyDeleteFree Commodity Tips