| There was a tussle between the bulls and bears in the bullion markets last week and could spill over to this week as analysts are concerned about the state of the global economy, the risk of debt default and equity weakness On Wednesday gold soared one per cent to a one-year high, breaking a three-day losing streak to trade above the key $1,200-an-ounce level as Asian stock markets saw a rout and the dollar slipped.
It gave up some gains as equities steadied after gold fell during Asian trading hours on Friday after rallying overnight to a week’s high of $1,240.10 per ounce. “But the yellow metal remained well-supported on global economic uncertainty,” said Prithviraj Kothari, MD, Riddhi Siddhi Bullion...............................................Full Article: Source
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