Gold Eases To Two-Week Low


Posted May 14, 2013 by rani123

May 14th, 2013 | Author: [email protected] MCX Gold futures slipped in tune with the global prices as a broad retreat continued for the red.metal amid a pullback in global stock markets

 
MCX Gold futures slipped in tune with the global prices as a broad retreat continued for the red.metal amid a pullback in global stock markets. The metal had witnessed a sizeable fall in the last week, extending a drop from itshighs around $1490 per ounce amid strength in US dollar and a continued outflow in major gold exchange trades funds. The metal fellto a two-week low of $1418 per ounce on Friday and remained depressed today. The benchmark COMEX futures slipped from highsnear $1450 per ounce and currently trade at $1433.20, down $3.40 per ounce on the day.
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Last Updated May 14, 2013