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MTECHTIPS;-GOLD
Gold prices held firm on Monday after recording their best week in a month as the dollar slipped
and global stock markets fell on speculation the United States would soon start to curb measures
to stimulate the economy. Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialize. SPDR Gold Trust holdings fell 0.15 percent to four-year lows of 1016 tons. Outlook : Gold is expected to trade subdued due to lack of events and mainly track US dollar index which is expected to drive today’s gold movements.
WWW.MTECHTIPS.COM
07489294118-119
Gold prices held firm on Monday after recording their best week in a month as the dollar slipped
and global stock markets fell on speculation the United States would soon start to curb measures
to stimulate the economy. Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialize. SPDR Gold Trust holdings fell 0.15 percent to four-year lows of 1016 tons. Outlook : Gold is expected to trade subdued due to lack of events and mainly track US dollar index which is expected to drive today’s gold movements.
WWW.MTECHTIPS.COM
07489294118-119
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