Tuesday, 11 March 2014

CAPITAL STROKE COMMODITY UPDATE 11 MARCH 2014 : MCX GOLD

Gold trading range for the day is 29884-30268.


Gold recovered to settled flat as investors continued to monitor events in Ukraine, where tension over moves by neighboring Russia in the Crimean region have heightened demand.

Precious metals were lower earlier as expectations that Fed will continue to gradually reduce the pace of its stimulus program weighed.

SPDR gold trust holding gained by 7.50 tonnes i.e. 0.93% to 812.70 tonnes from 805.20 tonnes.

China said its exports unexpectedly tumbled in February, swinging the trade balance into deficit.

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