Friday, 26 February 2016

Gold Market News Update

Daily MCX Tips latest update only at:-

Gold was little changed above USD 1,230 an ounce on Friday as safe-haven gains were capped by an overnight rebound in global equities and oil prices, although technical signals for prices were bullish. 

*Spot gold was steady at USD 1,235.38 an ounce by 0043 GMT, after posting a small 0.4 percent gain in the previous session. 
*Global equity markets got a boost from an upturn in crude oil on Thursday as the market focused on an upcoming meeting of major oil producers that investors hope could stabilize volatile petroleum markets.


*The yen was broadly softer early on Friday as demand for the safe-haven currency waned after a rebound in oil prices helped spur a rally on Wall Street.

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