Gold rose
nearly 1 per cent on Monday after suffering its largest daily fall in
nearly seven years, as expectations grew for policy easing by the US
Federal Reserve and other central banks to help boost the
coronavirus-hit global economy.
Spot gold was up 0.4 per cent at $1,591.84 an ounce by 1:40 p.m. EST (1840 GMT), and US gold futures settled 1.8 per cent higher at $1,594.80.
On Friday, the precious metals market was routed by traders liquidating their positions amidst a coronavirus-led selloff across global markets, with gold diving as much as 4.5 per cent.
The dollar index slid on bets that the Fed is likely to ease policy, while implied yields on the US 10-year Treasury futures traded below 1 per cent for the first time.
Palladium slipped 2.9 per cent to $2,519.39 an ounce, having plunged as much as 13 per cent on Friday, the most since the 2008 financial crisis.
Platinum dipped 0.6 per cent to $858.42, while silver rose 0.3 per cent to $16.72, after both fell to their lowest levels in about six months in the previous session.
Platinum is on track to end lower for an eighth straight session.
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Spot gold was up 0.4 per cent at $1,591.84 an ounce by 1:40 p.m. EST (1840 GMT), and US gold futures settled 1.8 per cent higher at $1,594.80.
On Friday, the precious metals market was routed by traders liquidating their positions amidst a coronavirus-led selloff across global markets, with gold diving as much as 4.5 per cent.
The dollar index slid on bets that the Fed is likely to ease policy, while implied yields on the US 10-year Treasury futures traded below 1 per cent for the first time.
Palladium slipped 2.9 per cent to $2,519.39 an ounce, having plunged as much as 13 per cent on Friday, the most since the 2008 financial crisis.
Platinum dipped 0.6 per cent to $858.42, while silver rose 0.3 per cent to $16.72, after both fell to their lowest levels in about six months in the previous session.
Platinum is on track to end lower for an eighth straight session.
MCX Tips
Commodity Tips
MCX Tips Provider
For More Info Call 62329-88986 ✆ -0731-4974186
Visit Here: www.thegrssolution.com
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