According to Sushil Finance, gold prices are likely to trade on positive note on the back of concern over Greece's future in the euro zone.
Gold
Gold jumped more than 1 percent to a three-week high on Tuesday, extending gains on safe-haven buying as stock markets slid on mounting concern over Greece's future in the euro zone and as oil prices tumbled.
Political uncertainty in Greece ahead of the country's elections on Jan. 25 has renewed fears of a possible Greek exit from the euro zone. Investor sentiment was also rattled by a drop in oil prices to fresh 5-1/2 year lows as crude futures fell more than 4 percent, extending steep losses as worries over a global supply glut intensified.
.
Meanwhile, data showed hedge funds and money managers raised their net long positions in gold futures and options for the first time in three weeks in the week to Dec. 30.
New orders for U.S. factory goods fell for a fourth straight month in November while a gauge of growth in the U.S. services sector fell short of expectations in December, hitting a six-month low, data showed on Tuesday.
Outlook
We expect gold prices are likely to trade on positive note on the back of concern over Greece's future in the euro zone.
For all commodities report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
Gold prices likely trade on positive note: Sushil Finance
Dengan url
https://sehatgayahidup.blogspot.com/2015/01/gold-prices-likely-trade-on-positive.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Gold prices likely trade on positive note: Sushil Finance
namun jangan lupa untuk meletakkan link
Gold prices likely trade on positive note: Sushil Finance
sebagai sumbernya
0 komentar:
Posting Komentar