1/03/2013 12:22:00 PM
Anonymous
Gold Trend || News and Updates :-
Gold is expected to go up as fiscal cliff deal continues to attract investors. Gold in India is expected to be higher due to weaker rupee and demand from rural areas. Gold for February delivery on the Multi commodity exchange (MCX) was 0.50% up at Rd 31,042/10gms.
Gold firmed on Thursday after global stocks rallied on a last-minute deal in Washington to prevent
the U.S. economy from plunging into recession, but investors remained cautious as they turned
their attention to tough negotiations ahead. India's central bank has asked that volume and value
restrictions be placed on gold imports by banks and agencies.
SPDR Gold Trust the world's biggest
gold-backed exchange-traded fund, remained unchanged at 1349 tons on Tuesday.
Outlook: Gold
is expected to trade with positive bias and later take cues from US FOMC meeting minutes.
