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Gold Updates – Gold Rates Higher Ahead of US Housing Data

Discussion in 'Stock Market Discussions' started by Harish, Dec 30, 2015.

  1. Harish

    Harish New Member

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    Free commodity tips- Gold futures were trading on a positive note in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal tacking a firm trend in the overseas market as a slight pullback in the dollar boosted the lure for the bullion as an alternative asset.Weaker greenback makes gold cheaper for those holding other currencies, thus boosting demand.
     
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