Tuesday 22 April 2014

CAPITAL STROKE COMMODITY UPDATE 23 APRIL 2014 : MCX GOLD

22:59   , , , , , , ,   3 comments



Gold trading range for the day is 28390-28782.
Gold gained on rupee weakness but pared some of its gains weighed down as outflows from physical gold funds pointed to weak investment appetite.
Geopolitical tensions in Ukraine failed to lift gold's safe-haven appeal, underscoring bearish sentiment in the market.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, has seen sharp outflows in the last week, weighing on prices.

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3 comments :

  1. Pooja Pariya23 April 2014 at 00:20

    Gold traded above a 10-week low as improvements in the U.S. economy were weighed against tension in Ukraine and signs of higher demand in China. Assets in the largest exchange-traded product held at the lowest in 12 weeks.

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