Market Update

Market Watch

Friday, 5 February 2016

Today's Bullion Market Outlook With Live Updates


Market Outlook:-
  • Gold was trading near its highest since October on Friday, on track for its strongest weekly gain in a month as the dollar was pressured by growing doubts the Federal Reserve can stick to its interest rate hike campaign.
  • A shaky global economy has lifted buying interest in gold, making it among the best performing assets with a year-to-date gain of nearly 9 percent.
  • Spot gold was flat at $1,154.20 an ounce by 0019 GMT, after peaking at $1,157.20 on Thursday, its highest since Oct. 29.
  • Gold has gained more than 3 percent so far this week, on course for its biggest such increase since early January.
  • Asian equities edged up on Friday, taking early inspiration from an overnight rise on Wall Street, while the dollar wobbled ahead of the closely watched U.S. jobs report.
  • Bullion's upward momentum increased this week after a key Fed official said there was a need to consider tighter financial conditions and the weakening global outlook in framing U.S. monetary policy.
  • Oil fell in volatile trade on Thursday as doubts grew about whether producers would agree to cut output and grains markets also reversed earlier gains, while gold and zinc jumped to their highest in more than three months, buoyed by a weaker dollar.

      www.capitalheight.com/bullion-premium.php

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