Precious Metals Preview: MCX Gold seen surging towards Rs 29K
COMEX Gold jumped last week on slightly modest views expressed in a barrage of talks of Fed speakers. The US central bank raised interest rates for the second time in three months last week.
Gold eases, speculative buying in focus
MCX Gold futures are also down 0.2 percent at Rs 28,739 per 10 grams. Worries over poor speculative demand seem to be weighing on the metal.
Precious Metals Preview: Gold slips a little ahead of weekend
MCX Gold futures backed off from highs near Rs 28,950 per 10 gram levels and ended down 0.3 percent at Rs 28,800 levels.
Gold down on profit booking at two wek high
The metal is currently down 0.36 percent to trade $ 1,229 per ounce. MCX Gold futures are down 0.3 percent to trade at Rs 28,418 per 10 grams.
Precious Metals Preview: Gold consolidates around $ 1,230 mark
Prices have witnessed a sharp recovery from lows near $ 1,200 per ounce and currently linger just under $ 1,230 per ounce, almost unchanged on the day.