Mon, Jan 26, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold caught between global rise, dipping dollar

Posted on 31 October 2012

Gold is likely to rule steady on Wednesday, caught between rising prices of the yellow metal in the global market and a drop in the dollar value. Festival buying, on the other hand, will cap any likely fall in the precious metal.
Any drop in the dollar will make imports cheaper and exports costly. Gold opened higher in Singapore at $ 1,711.09 an ounce but the dollar fell against the euro in the aftermath of Hurricane Sandy lashing New York………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38958 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031