Commodities » Precious Metals
Spot Gold prices gained marginally on Thursday
March 12, 2010, Friday, 06:57 GMT | 01:57 EST | 12:27 IST | 14:57 SGT
By Amar Singh, Reena Walia Nair (Angel Broking)
MARKET RECAP
Spot Gold prices gained marginally on Thursday after continuously facing pressure this week from the strong dollar. However, the greenback weakened yesterday helping the yellow metal prices to gain. Risk appetite in the financial markets weakened the low-yielding dollar as investors flocked towards high yielding and riskier investments.
OUTLOOK
The US is expected to announce economic data on retail sales and consumer sentiment. Commodity prices will take cues from these data announcements.
We expect the dollar to remain weakened on the back of risk appetite in the financial markets. This may help the gold prices to gain.
Stock Market Forum
- Information about Stock trading - An Article
7 February 2012
- how do you find canada stocks to trade?
3 February 2012
- my stock to watch for tomorrow-CLD
3 February 2012
- Dynamic levels is all about showing the stock levels for last 12 years.
19 January 2012
- Bank of England Keeps Base Rate unaffected at 0.50%
13 January 2012
- Oil price rise fuels India's inflation
4 January 2012
- How to invest in stock market
27 December 2011
- Four Secrets to invest in Stock Market: Beginners Guide
27 December 2011
- Food inflation plunges to 4-year low of 1.81%
22 December 2011
- Nifty delete certain posts gains on GDP data
22 December 2011