Today Gold Tips Highest Since Early

MCX Gold tips rose to its highest level in more than three months on Thursday, after a minutes from the updates US Federal Reserve meeting showed the central bank could be willing to launch another round of bond buying soon. More information about tips visit my site


* MCX gold climbed to $1,656.45 an ounce, its highest since May 2, before easing slightly to $1,654.15.

* The U.S. MCX gold futures contract for December delivery gained nearly 1 percent to $1,656.51.

* There is likely to deliver another round of monetary stimulus "fairly soon" unless the economy improves considerably, minutes from the central bank's latest meeting suggested.

* China must use all the tools available to it to manage monetary policy effectively, Zhou Xiaochuan, governor of the People's Bank of China, said on Wednesday.

* Holdings of the MCX Gold Trust, the world's largest mcx gold-backed exchange-traded fund, had risen to a three-month high of 1,281.977 tonnes by August 22.


* The S&P 500 erased earlier losses to close flat on Wednesday, while the dollar index dropped to a two-month low.

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