Gold futures edged higher on Tuesday after weaker economic data fanned hopes that the Federal Reserve will keep interest rates low for an extended period. The precious metals, in general, got a boost from Diwali in India and National Day in China, this week.
“Demand in India has noticeably strengthened ahead of this year’s Diwali, especially after gold prices traded around the year’s lows during the month or so before this key festival,” Joni Teves, an analyst with UBS told Forbes.com..............................................Full Article: Source
|