Gold Up As Equities Down

Gold Up As Equities Down

Gold Silver Reports ~ Gold’s safe have appeal has been restored as US equities started to spiral downwards. Globally, spot gold was up 2.1 percent at $1,234.50 an ounce.

Equities ended 3-day rally on Wall Street as Wal-Mart Stores shares plunged affaecting the retail stocks amid retreating oil prices.

Assets in SPDR Gold Trust, the world’s top gold ETF, rose 0.38 percent to 713.63 tonnes on Thursday. Switzerland’s gold exports fell to a three-month low in January as combined-shipments to China and Hong-Kong slip sharply from the previous month’s highly elevated level.

Fedminutes released a day earlier on Wednesday showed that the committee has been divided about the timing of the tightening. Some members felt that delays could lead to high inflation and others expressed concern that premature rate hikes may pose threat progress in the economy and labour markets. ~ Neal Bhai Reports

  • हाजिर में आज सोने का दाम करीब 550 रुपये उछल गया है। दरअसल कल रात को अंतरराष्ट्रीय बाजार में जोरदार तेजी आई थी, जिसका असर आज हाजिर में दिख रहा है। अंतरराष्ट्रीय बाजार में अब ऊपरी स्तर से दबाव दिख रहा है। फिलहाल एमसीएक्स पर सोना 0.25 फीसदी की बढ़त के साथ 29375 रुपये पर कारोबार कर रहा है। हालांकि चांदी 0.25 फीसदी टूटकर 37430 रुपये पर आ गई है।

  • कच्चे तेल में कारोबार के शुरुआत से ही दबाव बना हुआ है। एमसीएक्स पर कच्चा तेल करीब 2 फीसदी फिसलकर 2250 रुपये पर आ गया है। नैचुरल गैस में 0.2 फीसदी की तेजी दिख रही है और इसका भाव 128 रुपये के आसपास नजर आ रहा है।


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