Market Update

Market Watch

Thursday, 31 March 2016

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Gold ticked up on Thursday, helped by a softer dollar and Federal Reserve Chair Janet Yellen's caution over higher U.S. interest rates, but gains were capped by a rally in global equities.
             The metal was set to record its strongest three-month performance in nearly 30 years in the first quarter, bolstered by safe-haven demand.
          Spot gold XAU= had risen 0.2 percent to $1,226.66 an ounce by 0045 GMT.
The metal had gained nearly 2 percent on Tuesday.
             Gold retreats after Tuesday's 1.7 pct gain.
Asian shares edged up to a four-month high on Thursday, taking cues from Wall Street gains overnight, as receding worries of near-term U.S. interest rate hikes continued to buoy risk sentiment.
             Gold up 15.6 pct in first quarter on safe-haven demand.
Asian shares at four-month top, limiting gold's gains.
            Bullion rallied sharply since this year as worries over global economic growth and a slowdown in China shook up stock markets, triggering safe-haven demand for the yellow metal.
       Gains in the metal were capped by a rally in global equities.
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  2. Gold rate declined on this Tuesday, extending the losses into a 3rd session, as traders awaited a United State, the Federal Reserve (USFR) policy gathering for novel catalysts. United State government debt yields also extensive current gains, with benchmark 10 year memo climbing to its uppermost level in approximately four years at 2.733 percent.
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