Monday, 25 January 2016

Daily Mcx Market Update On GOLD

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Gold steadied near a 1-1/2-week peak at just below USD 1,100 an ounce early on Monday, with investors eyeing whether equities will come under renewed pressure and refresh safe-haven demand for bullion. 
* Spot gold was little changed at USD 1,098.41 an ounce by 0044 GMT, after gaining around 0.9 percent last week. 
* The precious metal had benefitted from investor aversion towards risky assets that has hit global stocks and crude oil. It peaked at USD 1,109.20 last week, its loftiest since Jan. 8. 
* US gold for February delivery gained 0.2 percent to USD 1,098.50 an ounce.
* Hedge funds and money managers increased their bullish bets in COMEX gold in the week to Jan. 19, and also boosted their bullish bets in silver to the highest in more than two months, US Commodity Futures Trading Commission data showed on Friday.

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