Market Update

Market Watch

Tuesday, 15 March 2016

Mcx Bullion Market Indian Commodity Updates



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FUNDAMENTALS

  • Gold was little changed on Tuesday, trading near last session's lowest level in almost two weeks, with investors focused on closely watched policy meetings of U.S. and Japanese central banks.
  • Spot gold was flat at 1,234.90 an ounce by 0040 GMT while U.S. gold lost 0.7 percent to $1,236 an ounce.
  • SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 1.08 percent to 790.14 tonnes on Monday from 798.77 tonnes on Friday.
  • The dollar was steady in Asian trade on Tuesday, with the yen on deck as investors waited for the outcome of the Bank of Japan's two-day policy meeting later in the session.

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