Precious metals fell to a seven-week low on Thursday as the dollar hit a three-month high, and looked vulnerable to further losses after Federal Reserve officials left the door open to a U.S. interest rate rise in December.
SPDR Gold Trust GLD, the world's largest gold backed exchange traded fund, said its holdings stood at 671.77 down 8.34 tonnes, from previous business day, falling to a consecutive third day.
Gold gained in the intraday trades ending Thursday. The session saw Gold closing at Rs 25831 per 10 grams on 5 November 2015 against Rs 25771 on 4 November 2015. Resistance for Gold is towards Rs 26000 and Rs 26100....
Read more here- MCX Bullion Tips
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2 comments:
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Epic Research
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