MCX Gold Latest News Today 27 September 2011
MCX Gold Silver Tips For Today :- Gold prices rose more than 3% on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market. Prices dropped more than USD 120 an ounce in Asian trading hours on Monday, an unprecedented intraday fall in value terms, as a rush for the liquidity of the dollar, losses in other markets and a margin hike on CME gold futures prompted selling. They had pared those losses to just 1.7% by the end of the session, however, and continued their recovery on Tuesday, climbing comfortably back above their 100-day moving average just below USD 1,640. Spot gold was up 2.8% at USD 1,672.00 an ounce at 0949 GMT, having peaked at USD 1,676.69. US gold futures for August delivery were up USD 78.40 an ounce, or nearly 5%, at USD 1,673.20.
Source :- BullionMCX.Com
MCX Gold Silver Tips For Today :- Gold prices rose more than 3% on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market. Prices dropped more than USD 120 an ounce in Asian trading hours on Monday, an unprecedented intraday fall in value terms, as a rush for the liquidity of the dollar, losses in other markets and a margin hike on CME gold futures prompted selling. They had pared those losses to just 1.7% by the end of the session, however, and continued their recovery on Tuesday, climbing comfortably back above their 100-day moving average just below USD 1,640. Spot gold was up 2.8% at USD 1,672.00 an ounce at 0949 GMT, having peaked at USD 1,676.69. US gold futures for August delivery were up USD 78.40 an ounce, or nearly 5%, at USD 1,673.20.
Source :- BullionMCX.Com
Last edited by commodity007 on Fri Oct 07, 2011 2:31 am; edited 1 time in total