Date : 23.02.2012
Gold prices recovered a great deal from intraday lows on Wednesday to eventually settle with over half a percent gains, at the highest levels seen in last three months. The yellow metal prices gained strength despite the appreciation in American greenback against a basket of currencies while increasing likelihood of further liquidity easing in China supported sentiments. Meanwhile speculations that Chinese central bank might have purchased the precious metal to add to its reserves also buttressed sentiments.
Gold futures for April delivery climbed $12.80 or 0.7% to settle at $1,771.30 an ounce on the Comex division of the New York Mercantile Exchange, whereas the spot gold prices gained 1.1% to $1,777.98 an ounce.
Gold futures for April delivery climbed $12.80 or 0.7% to settle at $1,771.30 an ounce on the Comex division of the New York Mercantile Exchange, whereas the spot gold prices gained 1.1% to $1,777.98 an ounce.
No comments:
Post a Comment