Today's Bullion updates : Gold prices revived from more than 5 year lows hit in the past session, as the Dollar again fell back, releasing its stranglehold on commodities & making gold more affordable for buyers paying with other currencies.
Yesterday, Spot gold traded up 0.3 per-cent to $1,073.61 an ounce by 0020 GMT. Prices fell down to 1,064.95 a bit, the weakest since February 2010.
US gold was up 0.4 per-cent to $1,073 a bit. Federal Reserve officials on yesterday continued to flag December as a likely time for interest rates to increase after 7 years near about zero, with two expressing confidence they will be able to pull-off a rate increase smoothly despite fears of an instantaneous market reaction.
Yesterday, Spot gold traded up 0.3 per-cent to $1,073.61 an ounce by 0020 GMT. Prices fell down to 1,064.95 a bit, the weakest since February 2010.
US gold was up 0.4 per-cent to $1,073 a bit. Federal Reserve officials on yesterday continued to flag December as a likely time for interest rates to increase after 7 years near about zero, with two expressing confidence they will be able to pull-off a rate increase smoothly despite fears of an instantaneous market reaction.
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