Market Update

Market Watch

Monday, 29 February 2016

Mcx Tips by CapitalHeight; Gold rises above $1,220



  • Gold steadied near $1,220 an ounce on Monday, nursing losses from the previous session, but was poised to log its best monthly performance in four years as safe-haven demand from stock market turmoil bolstered the metal.
  • Spot gold was little changed at $1,221.36 an ounce by 0044 GMT, after dropping 1 percent on Friday on a stronger dollar and an uptick in stocks.
  • Bullion has rallied about 15 percent this year as investors have sought safety in the metal amid tumbling stock markets and concerns over the global economy.
  • Despite Friday's losses, gold has gained 9.3 percent in February.
  • Hedge funds and money managers raised their bullish stances in COMEX gold to a one-year high in the week to Feb.
  • Asian stocks were off to a cautious start on Monday after a weekend meeting of the Group of 20 economic policymakers ended with no new coordinated action to spur global growth and as
  • solid U.S. data revived expectation of a U.S. rate hike before year-end.
  • Prime Minister Narendra Modi wants the budget unveiled on Monday to appeal to India's rural poor, officials familiar with his thinking said, in a strategy shift that could boost his ruling party in coming state elections but disappoint investors.
For more information 2 Days Free Trial, please visit our site at www.capitalheight.com/bullion-premium.php  or Call at 0731-6615050.

2 comments:

  1. We are leading investment planner firm in India, offering share market recommendations for all COMMODITY, EQUITY, NCDEX, ADDITIONAL PACK, JOBBERS PLANS
    MCX Positional
    HNI MCX
    Base Metal Energy

    ReplyDelete
  2. Create wealth With a Proven Investment Philosophy of Catching Large trends by multibagger stock recommendation provider at stallion asset

    ReplyDelete