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Gold edged lower on Friday and closed down for the week as rallying equity markets and strong U.S. economic data dented demand for the precious metal as an insurance against risk.Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative.Bullion notched a 0.5 percent weekly loss, after ...
A slew of blue-chip earnings, including Maruti Suzuki and ICICI Bank to set tone.Overall sentiment seen supported by hopes of further reforms.Movements in Brent crude, which is at a four-year low, will also be watched closely.Foreign fund flows will determine sentiment for debt and forex markets.10-year benchmark bond seen in 8.35-8.45 range, traders say.Rupee may trade between 60.75 and 61.50, traders ...
Gold edged lower on Friday and closed down for the week as rallying equity markets and strong U.S. economic data dented demand for the precious metal as an insurance against risk.Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative.Bullion notched a 0.5 percent weekly loss, after ...
Gold inched up on Friday as European shares fell but was set to snap a two-week winning streak on a firm dollar and robust economic data that dented demand for the metal as an insurance against risk.Spot gold was up 0.1 percent at $1,232.10 an ounce by 0956 GMT, after slipping more than 1 percent in the previous two sessions. U.S. gold futures were up 0.3 percent at $1,232.50 an ounce.The metal was ...
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