Last Updated :
04 February 2010 at 10:10 IST
Gold remains mixed in Asian trade
SINGAPORE (Commodity Online) : Gold prices remained mixed in Asian trade Thursday ahead of a crucial US jobs data.
Gold for immediate delivery was seen trading at $1109.61 a barrel at 11.30 a.m Singapore time compared with New York's notional close of $1,108.85.
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Spot gold rose to a peak of $1,124.45 on Wednesday, its highest since Jan. 20.
U.S. gold futures for April delivery eased 0.2 percent to $1,110.00 an ounce at the same time, compared with Wednesday’s close of $1,112 an ounce on the COMEX division of NYMEX.
Analysts said investors awaited Friday's U.S. jobs data that could further boost the dollar, which would undermine bullion's appeal as a currency hedge.
The dollar kept its firm tone on Thursday after climbing broadly the day before on improving U.S. jobs and industry data, while fears Portugal could be the next euro zone country to face a debt crisis lifted the greenback against the euro.
Meanwhile, the
Gold market weakened, holdings at the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, eased 0.14 percent to 1,110.339 tonnes as of Feb. 3, down 1.583 tonnes from the previous business day
MCX LEADMINI 30 March 2012
contract was trading at
Rs 106.15 , up Rs. 0.05 . What's your view on it?
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