Market Update

Market Watch

Thursday, 31 March 2016

Live MCX Market By CapitalHeight

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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