U.S.GOLD

U.S. April gold rose $4.8 to $1,660.60 an ounce. 

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SPOT GOLD

Spot gold added $6.45 to trade at $1,659.94 an ounce by 0025 GMT after posting its second-biggest weekly decline this year last week on fading expectations of more  monetary easing in the United States. 

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GOLD

The most-active gold for April delivery on the Multi Commodity Exchange (MCX) last ended 0.07 percent higher at 27,870 rupees per 10 grams. 

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U.S. MARKET UPDATE

The S&P 500 closed out its best week in three months with a slim gain on Friday as investors continued to propel equities near four-year highs.

The Dow Jones industrial average slipped 20.14 points, or 0.15 percent, to 13,232.62 at the close. The Standard& Poor’s 500 Index edged up 1.57 points, or 0.11 percent,to 1,404.17 – its highest close since May 20, 2008. The Nasdaq Composite Index dipped 1.11 points, or 0.04 percent, to 3,055.26.       

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Commodity Market Outlook :19-03-2012

 Gold was largely unchanged on Friday

Bullion posts second-biggest weekly drop, down 3 pct

Gold pressured by India raising import duties

Crude Oil up on supply woes

Dollar fell for a second straight day

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