Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
Mcx Market Insight for 25 April

Mcx Market Insight for 25 April

Ratings: (0)|Views: 10 |Likes:
Published by Rehana Kapoor
Spot gold fell USD 2.14 an ounce to
USD 1,428.66 by 0045 GMT. Gold sank
a combined USD 225 on April 12 and
15 in a sell-off that surprised ardent
gold investors and bulls.
Spot gold fell USD 2.14 an ounce to
USD 1,428.66 by 0045 GMT. Gold sank
a combined USD 225 on April 12 and
15 in a sell-off that surprised ardent
gold investors and bulls.

More info:

Categories:Types, Research
Published by: Rehana Kapoor on Apr 25, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

04/25/2013

pdf

text

original

 
 www.TheEquicom.com+919200009266
 
25
th
APRIL’2013
www.TheEquicom.com +919200009266
 
Daily MCX Newsletter25
th
April’2013
MCX NEWSLETTER- DAILY 
 
 www.TheEquicom.com+919200009266
 
MARKET WRAP
 
 www.TheEquicom.com+919200009266
 
Spot gold fell USD 2.14 an ounce toUSD 1,428.66 by 0045 GMT. Gold sanka combined USD 225 on April 12 and15 in a sell-off that surprised ardentgold investors and bulls.US gold was at USD 1,428.10 anounce, up USD 4.40.SPDR Gold Trust, the world's largestgold-backed exchange-traded fund,said its holdings fell 0.38 percent to1092.98 tonnes on
 
Wednesday from1097.19 tonnes on Tuesday. Thecurrent holdings are at multi-yearlows.Barrick Gold Corp, making a painfuladjustment to a sustained slump inbullion prices, reported progress incontrolling costs on Wednesday andsaid it planned further cuts in capitalspending, sending its shares higher.
MARKET NEWS
Gold inched lower on Thursday,hovering below a 1-week high hitearlier this week, as firm equitiessapped interest in the preciousmetal, which has seen steadyoutflows on exchange-traded funds.Gildshrugged off news the RussianFederation raised its gold reserve fora fifth straight month in March andTurkey added to its holdings for afourth month.Billionaire investor John Paulson toldinvestors on Wednesday he is stayingthe course on gold even thoughthere may be more short-termvolatility in the price of the metal. Asian shares edged higher onThursday, supported by views thatthe recent run of weak globaleconomic data will encourage majorcentral banks to keep or deepentheir monetary stimulus to bolstergrowth.US crude futures extended gains fora sixth day on Thursday after rising2.5 percent a day earlier, supportedby a big drop in US gasolineinventories and speculation that aglut of crude at the Cushing,
 
Oklahoma hub could soon ease.

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->