Posts
MTECHTIPS:-GOLD
Gold edged up on Monday after robust U.S. economic data lifted prices in the previous session, but
gains could be capped by a firmer U.S. dollar, as well as lingering concerns about Greece's debt
woes and a possible bailout for Spain. The physical gold market waited for main consumer India to
return to buy more bullion ahead of Diwali. SPDR Gold Trust the world's biggest gold-backed exchange-traded 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 edged up on Monday after robust U.S. economic data lifted prices in the previous session, but
gains could be capped by a firmer U.S. dollar, as well as lingering concerns about Greece's debt
woes and a possible bailout for Spain. The physical gold market waited for main consumer India to
return to buy more bullion ahead of Diwali. SPDR Gold Trust the world's biggest gold-backed exchange-traded 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.
No comments:
Post a Comment