Today Stock Market Tips : Gold up For 6th Day

In The Stock Market MCX Gold climbed for a sixth straight session on Friday, as more data pointed to a slower U.S. recovery, opening the door wider for the Federal Reserve to ease further, which would help burnish MCX gold's appeal as an inflation hedge. More Information about Stock market tips visit my site

Bullion has also seen some safe-haven inflows in recent days due to the rising risk of financial stock market turmoil in the event of a messy Greek exit from the euro zone bloc.

Many traders were on the side lines prior to Greece's election on Weekend that could figure out its upcoming in the bloc. Government bodies in the significant financial systems are planning for a possible market weather or community anxiety after the elections should extreme leftists win.

Spot MCX gold rose 0.3% to USD 1,624.87 an ounce by 0632 GMT and has put on some 3% over the past six sessions, its longest winning streak since August. The U.S. MCX gold futures contract for August delivery gained 0.4 percent to USD 1,626.


Spanish standard connection makes increased above the dangerous 8% level on Friday, while Italy's connection market on Friday met with better-than-expected demand though credit costs increased dramatically.

"The more pressing issue is the bigger economies that really matter Spain and Italy, which have serious problems that are reflected in bond market yields," said Dominic Schnider, an analyst at UBS Wealth Management in Singapore.

The MCX gold-platinum spread stood near its 2-1/2-week low in stock market, at USD 133.20 an ounce, down 30% from a five-month high above USD 190 hit this month.

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