Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
MW: Gold driven above $1,200 as Russia, oil, roil markets
 
MADRID (MarketWatch) — Gold pushed higher on Tuesday, as a turbulent global trading climate triggered safe-haven demand for the precious metal.

At last check, gold for February delivery GCG5, +0.51% rose $10.90, or 0.9%, to $1,218.40 an ounce, while March silver SIH5, -0.77% pared losses to 2 cents to $16.23 an ounce.

Gold and oil prices have been moving in tandem recently, though the two diverged overnight as crude CLF5, -3.24% slumped again, while Brent crude LCOF6, -1.11% slid past $59 a barrel.

The dollar USDJPY, -1.16% tumbled against the Japanese yen as investors piled into the currency on its safe-haven perception. That came as the Russian ruble USDRUB, +10.51% collapsed to 77 against the dollar hours after the central bank hiked its interest rates to 17% from 10.5%. U.S. stock futures traded volatile, but were pointing sharply lower ahead of Wall Street’s open.

Housing starts for November will be released at 8:30 a.m. Eastern, with analysts looking for an improvement to an annual pace of 1.04 million. Then, on Wednesday, traders will get a look at the Fed’s new policy statement and updated economic forecasts, followed by a news conference with Chairwoman Janet Yellen. Read: Economic Preview.

In other metals trading, January platinum PLF5, +0.58% rose $4.20, or 0.4%, to $1,219.10 an ounce, while March palladium PAH5, +0.12% slipped 50 cents to $802.05 an ounce. High-grade copper for March delivery HGH5, -0.42% fell a penny to $2.87 a pound.
Source