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18th january Monday Morning fresh Gold Updates

Discussion in 'Stock Market Discussions' started by Harish, Jan 18, 2016.

  1. Harish

    Harish New Member

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    Free commodity tips - The yellow metal advanced almost 2 per cent in the domestic market on Friday tracking a bullish trend in the overseas market as sinking equities with China’s stocks entering a bear market and fresh concerns over the health of the American economy bolstered the demand for Gold as a safe haven asset.Wall Street fell to a 15-month low as oil plunged below the USD 30 per barrel mark while a stock rout in China worsened, bolstering the appeal for the precious metal as an alternative asset. The Dow Jones Industrial Average sank 2.39 per cent; the Nasdaq Composite fell 2.74 per cent while S&P 500 declined 2.16 per cent.
     
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