Gold prices traded moderately lower, influenced by a stronger US dollar and broad based weakness in the complete commodity complex. Global economic uncertainty is aggravating, with constant flow of negative news. On European front, an auction of German government bonds have failed to attract buyers, conveying signals that liquidity in the European debt markets have absolutely dried up, with robust economies like Germany also being adversely impacted. Gold prices are expected to trade range bound, as volumes will be thin on account of a public holiday in US.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment