Commodities » Precious Metals
Spot Gold prices gained on Tuesday on the back of weakness in the dollar
March 17, 2010, Wednesday, 07:19 GMT | 03:19 EST | 12:49 IST | 15:19 SGT
By Amar Singh, Reena Walia Nair (Angel Broking)
MARKET RECAP
Spot Gold prices gained on Tuesday on the back of weakness in the dollar coupled with positive sentiments in the financial markets. The yellow metal gained more than 1.5% on the Comex yesterday
OUTLOOK
Today, gold prices would trade with a positive bias as weakness in the dollar and expectations of low interest rates for long period could lead to rise in prices.
On the macroeconomic front, the US is expected to announce economic data on PPI, crude inventories etc. Fed chairman Ben Bernanke will give his testimony before the financial services committee today later in the evening
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