Gold trading range for the day is 28165-28761.
Gold settled flat as prices seen pressure as sharp outflows from SPDR and lack of further increase in geopolitical tension prompted selling.
The Conference Board reported increased 0.8% in March after a 0.5% rise in February, beating expectations for a 0.7% reading.
SPDR gold trust holdings dropped by 3.00 tonnes i.e. 0.38% to 792.14 tonnes from 795.14 tonnes.
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Nickel advanced for a third day to a 14-month high on concern that escalating tensions in Ukraine may disrupt supplies from Russia amid Indonesia’s ban on ore exports.
ReplyDeleteMonday April 21, 2014 dated April 25, 2014 Friday between gold and silver are likely to increasingly unpredictable.
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