Bullion counter is expected to continue yesterday gains tracking strong overseas cues. On domestic bourses weaker local currency can support the upside. Gold can move in range of 28700-29200 while silver can hover in range of 42100-43000 in MCX.
Gold rose toward a three-week high as investors weighed tension in Ukraine against signs of an improving U.S. economy. Gold has rallied 9.1 percent this year even as the Federal Reserve reduced monthly bond-buying, with the conflict between Russia and Ukraine increasing haven demand.
In China, the world’s largest consumer, volumes for the benchmark spot gold contract in Shanghai climbed for a second day yesterday.
www.punjiniveshonline.com
Gold rose toward a three-week high as investors weighed tension in Ukraine against signs of an improving U.S. economy. Gold has rallied 9.1 percent this year even as the Federal Reserve reduced monthly bond-buying, with the conflict between Russia and Ukraine increasing haven demand.
In China, the world’s largest consumer, volumes for the benchmark spot gold contract in Shanghai climbed for a second day yesterday.
www.punjiniveshonline.com
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