On Monday Gold prices receded by around half a percent in Asia trades as discouraging developments from Europe persistent to discourage investors from risky asset classes like commodities. Growing doubts that potential downgrades of several Euro-zone nations may derail progress towards resolving Europe’s onerous debt problem, undermined sentiments. The yellow metal prices also got weighed downhill by the appreciation in American greenback against a basket of currencies amid rising tensions on the Korean peninsula after the mercurial leader Kim Jong Il of nuclear-armed North Korea died, which made the dollar priced bullion prices costlier for overseas investors.
Newer news items:
- On Tuesday Crude oil stages a smart rally of over three percent
- US Soya Complex Gains on Weather Concerns in South America
- From Monday NCDEX impose Special Margin For Guar Complex
- Yellow Spice probably To Drop Further On Bearish Cues
- Global Pepper Market Weekly Review
Older news items:
- Copper recoils in Monday trades on rating agencies' warning
- Gold prolong declining energy for fourth consecutive session
- Copper fail to shut in optimistic zone
- Crude oil prices expand declining streak
- In Unjha Jeera hovers constant
