MTECHTIPS

MTECHTIPS:-Stimulus hopes mark Gold prices a tad up on Comexes

The US Federal Reserve has left the interest rates and monetary policy to its own last week and the gold prices are seen responding positively to this development.Besides there are hopes that the Bank of Japan, ECB or European Central Bank and PBOC or People's Bank of China could come up with measures in monetary policy that would lend some upside to the currency mints making them work aggressively round the clock.A proliferation in currency volumes is always bullish for gold.“There’d be some heightened level of expectation the Bank of Japan would have to move on some sort of further stimulus,Last week the government there provided a monetary injection worth 750 billion yen ($9.4 billion) to give the nation a pair of new claws.Japan is the third largest economy in the world preceded only by US and China.