Gold gains as Greece talks eyed
05/02/2015 12:12
Gold futures rose by 0.53 per cent on Thursday at the domestic markets as investor’s eye renewed worries over Greece's debt woes and ahead of Chinese New Year demand that may be stoked in part by easier monetary policy. Prices rose after data showed that U.S. non-farm private employment rose less-than-expected in January and after China's central bank cut banks' reserve requirement ratios in a surprise decision. Payroll processing firm ADP said non-farm private employment rose by 213,000 in January, below expectations for an increase of 225,000 and slowing from jobs gains of 253,000 in December. At the MCX, Gold futures for February 2015 contract was trading at Rs 27,875 per 10 gram, up by 0.53 per cent after opening at Rs 27,875, against the previous closing price of Rs 27,729. It touched the intra-day high of Rs 27,901 till the trading. (At 11.58 AM today).
05/02/2015 12:12
Gold futures rose by 0.53 per cent on Thursday at the domestic markets as investor’s eye renewed worries over Greece's debt woes and ahead of Chinese New Year demand that may be stoked in part by easier monetary policy. Prices rose after data showed that U.S. non-farm private employment rose less-than-expected in January and after China's central bank cut banks' reserve requirement ratios in a surprise decision. Payroll processing firm ADP said non-farm private employment rose by 213,000 in January, below expectations for an increase of 225,000 and slowing from jobs gains of 253,000 in December. At the MCX, Gold futures for February 2015 contract was trading at Rs 27,875 per 10 gram, up by 0.53 per cent after opening at Rs 27,875, against the previous closing price of Rs 27,729. It touched the intra-day high of Rs 27,901 till the trading. (At 11.58 AM today).
