Precious Metals
Gold futures rose in the domestic market on Wednesday as a pickup in physical demand amid a boost in gold reserves by Russia, coupled with rising geopolitical tensions which bolstered bullion’s safe haven appeal lifted prices. Further, speculation of further stimulus measures by the European Central Bank (ECB) bolstered the precious metal’s appeal as a hedge against the inflationary risk of monetary stimulus. However, caution ahead of the release of the FOMC minutes in which the Fed may offer cues over the timing of US monetary tightening checked gains in the yellow metal. Gold futures for December 2014 contract, at MCX, is trading at Rs. 26,625 per 10 grams, up by 0.11 per cent, after opening at Rs. 26,575, against the previous closing price of Rs 26,596. It touched an intra-day high of Rs 26,650. (At 11:22 AM).
D A I L Y B U Z Z
GOLDGold futures rose in the domestic market on Wednesday as a pickup in physical demand amid a boost in gold reserves by Russia, coupled with rising geopolitical tensions which bolstered bullion’s safe haven appeal lifted prices. Further, speculation of further stimulus measures by the European Central Bank (ECB) bolstered the precious metal’s appeal as a hedge against the inflationary risk of monetary stimulus. However, caution ahead of the release of the FOMC minutes in which the Fed may offer cues over the timing of US monetary tightening checked gains in the yellow metal. Gold futures for December 2014 contract, at MCX, is trading at Rs. 26,625 per 10 grams, up by 0.11 per cent, after opening at Rs. 26,575, against the previous closing price of Rs 26,596. It touched an intra-day high of Rs 26,650. (At 11:22 AM).
Research
Via
is a leading financial advisory provides free tips on Indian share
market like Stock
Options Tips, Stock
Option Tips, nifty
options calls, Nifty
Option Tips, Nifty
options tips, Equity
tips, mcx
Gold tips, Free
Ncdex Tips, comex
tips.
No comments:
Post a Comment