Precious Metals
Gold today fell toward a three-month low as investors assessed the outlook for an improving US
economy.
Gold lost 0.1 per cent to USD 1,248.05 an ounce. It fell to USD 1,243.95 yesterday, the lowest since June 5. Silver also slipped by 0.7 per cent to USD 18.83 an ounce after reaching USD 18.82, the lowest since June 5.
Holdings in silver-backed exchange-traded products rose to 19,897.5 metric tonnes yesterday, the highest since November.
Prospects for higher borrowing costs in the US and the European Central Bank's announcement of more stimulus helped the Bloomberg Dollar Spot Index reach a 14-month high yesterday.
Data this week may show US retail sales improved. The Federal Reserve, which has been cutting bond buying, meets September 16-17.
D A I L Y B U Z Z
GOLDGold today fell toward a three-month low as investors assessed the outlook for an improving US
economy.
Gold lost 0.1 per cent to USD 1,248.05 an ounce. It fell to USD 1,243.95 yesterday, the lowest since June 5. Silver also slipped by 0.7 per cent to USD 18.83 an ounce after reaching USD 18.82, the lowest since June 5.
Holdings in silver-backed exchange-traded products rose to 19,897.5 metric tonnes yesterday, the highest since November.
Prospects for higher borrowing costs in the US and the European Central Bank's announcement of more stimulus helped the Bloomberg Dollar Spot Index reach a 14-month high yesterday.
Data this week may show US retail sales improved. The Federal Reserve, which has been cutting bond buying, meets September 16-17.
Research
Via
is a leading financial advisory provides free
tips on Indian share market like equity
tips,
stock
tips,
stock
options tips,
bullions
tips,
agro
tips,
commodity
tips,
nifty
tips,
base
metals & energy tips,
comex
tips,
international
forex tips,
domestic
forex tips,
agri
tips,
commodity
(mcx& ncdex) tips.
No comments:
Post a Comment