Wednesday, 17 February 2016
MCX Gold Silver Tips
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Gold settled up 0.73% recovering from day's while sentiments remain weak as investors awaited the release of the FOMC's minutes from its January meeting.
Goldman Sachs's recommendation to short gold, as fed into a more cautious sentiment for the metal.
Chinese investors sold into gold's rally, a sign they do not expect prices to go much higher and cannot be counted on to support the market
Silver settled up tracking Comex Silver which sustained above 15$ as market players continued to monitor volatile movements in oil prices and global financial markets.
The stabilisation of the stock markets, after a rout last week on concerns over the health of the global economy, has taken the shine off bullion.