Monday, 29 February 2016

Prospects of gold hitting Rs 31K per 10 gram fade after strong US data

Chances of gold testing Rs 31,000 per 10 gm in a month receded on Friday as US reported faster than estimated economic growth in the fourth quarter, and as personal income and spending both rose in January. This sparked market concerns of the US Federal Reserve continuing to raise interest rates this year after doing so for the first time in a decade in december. Read More

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