Monday, 27 February 2012

Today's MCX Gold Tips

Gold edges lower on Friday, while a weaker dollar supported positive sentiment after upbeat economic data in the preceding session weighed on the greenback and sent bullion to a three-month high.

Gold was headed for a weekly rise of more than 3.45 percent, its biggest one-week gain in nearly a month, after assembling for four straight sessions to push through a key technical level. Upbeat data from Germany on Thursday pushed the euro to a 2-1/2-month high against the dollar, helping gold as a cheaper greenback attracts buyers holding other currencies to dollar-priced commodities.

Spot Gold 1797.04 -2.75 -0.15 13.65
Spot Silver 35.29 -0.05 -0.14 37.41

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