Market Update

Market Watch

Thursday, 18 February 2016

Mcx Market Tips; Live Commodity Gold News


  • Gold on Thursday clung to overnight gains that helped the metal snap a three-day losing streak on bets the Federal Reserve could slow the pace of U.S. interest rate hikes.
  • Gold eased on Thursday following a bounce in equities, but losses were cushioned by overnight gains that helped the metal snap a three-day losing streak on bets the Federal Reserve could slow the pace of U.S. interest rate hikes.
  • Spot gold had fallen 0.2 percent to $1,206.99 an ounce by 0034 GMT, after gaining 0.7 percent on Wednesday.
  • Asian stocks rose on Thursday, while U.S. shares advanced for the third straight day on Wednesday as the jump in oil prices boosted energy shares.
  • Bullion had rallied to a one-year high of $1,260.60 last week on the back of a turmoil in stock markets and concerns over the health of the global economy.

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2 comments:

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