Bullions Tips - Gold prices closed flat in the domestic market on Tuesday in spite of a broadly stronger dollar, as relatively positive Consumer Price Expansion data paved the way for the Federal Reserve to likely approve an interest rate hike when it releases its Dec monetary policy Description on Wednesday. The US Department of Labor reported that its CPI Index remained unchanged in Nov from the Befored month, in line with analysts' expectations. On a yearly basis, the CPI index edged up by 0.5 per% over the last 12 months, considerably above gains of 0.2 per cent in October. At the MCX, Gold futures for Feb 2016 contract end at Rs 25,266 per 10 gram, down by 0.32 per cent after opening at Rs 25,333, against the previous ending price of Rs 25,347. It touched the intra-day low of Rs 24,190.
Wednesday, December 16, 2015
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Gold Update - Gold Closes Flat Amid Mixed CPI Data
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