Gold Up On Safe-Haven Bid, But On Track For Worst Week Since November

Gold rose on Friday as investors took refuge in the safe-haven bullion as stock prices tumbled on the back of sliding oil and iron ore prices, but the yellow metal was on track for its biggest weekly decline in nearly six months.
Spot gold rose 0.5 percent to $1,233.10 per ounce as of 0746 GMT.
“Gold has rallied in Asia as traders flee to safe havens following oil and iron ores collapse in Asia today. Nervousness about Chinese growth and OPEC’s next move, if any, will most likely be the front and centre issues to dominate the end of the week,” said Jeffrey Halley, senior market analyst at OANDA.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007 ✔
Give a Missed Call for Free Trial – 09699997717 ✔
Advertisements

Author: ways2capital

Ways2capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX. To stay ahead in this turbulent markets traders/investors need the expert technical & fundamental analysis along with the latest news & data provided in various innovative & familiar ways. With this current scenario of economic re-balancing, emerging markets are becoming the leaders & driven of the economy across the globe as a whole. Ways2capital has been placed right at the center of this paragon. It is all possible because of the highly qualified analysts who are skilled & having cerebral thoughts in their analysis. Analysts become more competent as their ability is coupled by the latest software tools & techniques. Ways2capital offers various services in a different & simplified manner, so that it can suit the requirement of any trader/investor as per their investment. We provide more than 90% accuracy in our recommendations to make our client satisfied in a delightful manner. Ways2capital has proved itself as a benchmark in providing 24*7 customer support. If you are a commodity/stock/currency trader or investor then ways2capital will show you all the best feasible ways to optimize returns from the markets

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s