10:04
MCX Tips
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 stock-trade-tips.blogspot.com
FUNDAMENTALS
* 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.
MARKET NEWS
* The S&P 500 erased earlier losses to close flat on Wednesday, while the dollar index dropped to a two-month low.
FUNDAMENTALS
* 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.
MARKET NEWS
* 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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