Wednesday, 12 March 2014

CAPITAL STROKE COMMODITY UPDATE 12 MARCH 2014 : MCX GOLD


Gold trading range for the day is 29810-30554.


Gold rose as fears of a slowdown in Chinese economic growth and worries about the crisis in Ukraine sapped appetite for risk.

Weak Chinese exports data for February is also making investors opt for safe-haven gold rather than equities.

In a sign that confidence in the precious metal may be returning amid global uncertainties, SPDR exchange-traded fund saw its

largest inflow in a month

The Ukraine crisis sapped appetite for risk and weighed on U.S. equities, which also boosted gold demand.

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