Last Updated :
13 November 2008 at 10:05 IST
Gold remains volatile as stocks plunge
Commodity Online
SINGAPORE : Gold prices remained high volatile in early Asian trade Thursday as falling oil prices and a weak equities market prompted selling from speculators.
Gold was trading at $713.50 an ounce, up $2.35 or 0.3% from New York's notional close on Wednesday, when it fell as low as $707.80, its weakest since Oct. 27, as investors dumped risky assets including gold and stocks.
US crude oil futures briefly fell more than $1 to around $55 a barrel after Wednesday's settlement on mounting pessimism about the global economic outlook.
Japan's Nikkei average fell more than 4% on Thursday on a stronger yen and growing worries about the US economy after the government backed away from using its $700 billion bailout to buy up bad mortgages.
Platinum was trading at $788.50 ounce, down $21.50 from New York's notional close on Wednesday. Palladium fell $205.00 an ounce, down $5 from New York's notional close. Silver inched up a touch to $9.32.
NCDEX GOLDINTLMAY2012 30 May 2012
contract was trading at
Rs 0 . What's your view on it?
After reading this article, people also read:
