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MTECHTIPS:- GOLD
Gold edged up on Wednesday but was poised to snap a four-month winning streak, with investors staying on the sidelines ahead of key U.S. employment data and in the wake of Hurricane Sandy. Spot gold was moving in a range of about $3, after trading little changed in thin volume trading day. SPDR Gold Trust the world's biggest gold-backed exchange-traded fund, remained unchanged at 1336 tons on Monday. Outlook: Gold is expected to trade with negative bias and take cues from US and Euro zone economic data.
Gold edged up on Wednesday but was poised to snap a four-month winning streak, with investors staying on the sidelines ahead of key U.S. employment data and in the wake of Hurricane Sandy. Spot gold was moving in a range of about $3, after trading little changed in thin volume trading day. SPDR Gold Trust the world's biggest gold-backed exchange-traded fund, remained unchanged at 1336 tons on Monday. Outlook: Gold is expected to trade with negative bias and take cues from US and Euro zone economic data.
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