Thursday, 13 March 2014

CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014: MCX GOLD


Gold trading range for the day is 30229-30735.

Gold gained as fears of economic slowdown in China and lingering worries about Russia's standoff with Ukraine over Crimea

boosted bullion's appeal

Earlier prices seen pressure after better-than-expected U.S. retail sales data supported expectations that Fed will continue

tapering its bullion-friendly monetary stimulus program.

SPDR gold trust holding gained by 2.10 tonnes i.e. 0.26% to 813.30 tonnes from 811.20 tonnes.

Report showed that the number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly to hit a

14-week low of 315,000

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