Gold steadied on Monday, retaining sharp gains from the
previous trading session.
weakness in the dollar and equities helped the metal
recoup some losses from a U.S. interest rate hike last week.
Spot gold had eased 0.2 percent to $1,064.16 anounce by
0039 GMT.
The metal saw some safe-haven bids on Friday after global
equity markets fell sharply as slumping oil prices raised concerns about slower
growth.
Gold's Friday move followed a 2-percent loss in the session
prior to that, the metal's biggest single day loss in five months.
Bullion is still not too from a near-six-year low of $1,047.25
reached last week.
Sensex is down 94.31 points or 0.4 percent at 25424.91
and the Nifty is down 16.30 points or 0.2 percebt at 7745.65. About 356 shares
have advanced, 183 shares declined, and 54 shares are unchanged.
Asia's markets traded in the red, after Wall Street's sharp losses on Friday. All their researches are based on the basis of the daily international and national economic news and market developments. For 2 Days Free Trial, please visit our site at www.capitalheight.com/bullion-premium.php or Call at 0731-6615050.
Asia's markets traded in the red, after Wall Street's sharp losses on Friday. All their researches are based on the basis of the daily international and national economic news and market developments. For 2 Days Free Trial, please visit our site at www.capitalheight.com/bullion-premium.php or Call at 0731-6615050.
I like the given news about Indian Bullion MCX market. It gives us more information for the investment. Epic Research also provides profitable trading calls.
ReplyDeleteMajor Headlines of the day:
ReplyDelete• Tata Comm Q4 loss at Rs209 cr, gross revenue at Rs4,300 cr.
• JP Associates fails to pay interest on NCDs after over 3 months of due date.
• Jet Airways turns 24: Offers 24% discount on base fare.capitalstars