Monday, 27 July 2015

Today’s Updates On Gold with MCX Commodity Trading Tips

Gold hovered just above its lowest level since 2010 on Monday, struggling to move higher as the market reckons the US Federal Reserve is moving closer to raising interest rates.

Spot gold was flat at USD 1,097.96 an ounce by 0229 GMT after falling for a fifth straight week last week, the longest run since late 2012. Bullion lost more than 3 percent last week after a rout on Monday accompanied by big volume in New York and Shanghai that sparked more sell-offs and pulled the price as low as USD 1,077 on Friday
US gold for August delivery gained 1.1 percent to USD 1,097.50 an ounce on Monday.

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