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MTECHTIPS:-GOLD
Gold ticked lower on Tuesday, heading for its biggest monthly loss since May, after disappointing corporate earnings and as investors sold gold holdings to cover losses in other markets that have been hurt by global economic uncertainty. However the physical demand is expected to increase in India ahead of the festival season. SPDR Gold Trust the world's biggest gold-backed exchangetraded fund, remained unchanged at 1336 tons on Friday . Outlook: Gold is expected to trade with positive bias and take cues from US economic data and news flow from Euro zone.
Gold ticked lower on Tuesday, heading for its biggest monthly loss since May, after disappointing corporate earnings and as investors sold gold holdings to cover losses in other markets that have been hurt by global economic uncertainty. However the physical demand is expected to increase in India ahead of the festival season. SPDR Gold Trust the world's biggest gold-backed exchangetraded fund, remained unchanged at 1336 tons on Friday . Outlook: Gold is expected to trade with positive bias and take cues from US economic data and news flow from Euro zone.
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