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MTECHTIPS
2 pages
Published by
Mtech Tips
MTECHTIPS COMMODITY MARKET NEWS 4
MTECHTIPS:-Gold little changed in cautious trade; EZ GDP data, G20 in
focus
Gold futures fluctuated between small gains and losses in rangebound trade during European
morning hours on Thursday, as...
[More]
MTECHTIPS COMMODITY MARKET NEWS 4
MTECHTIPS:-Gold little changed in cautious trade; EZ GDP data, G20 in
focus
Gold futures fluctuated between small gains and losses in rangebound trade during European
morning hours on Thursday, as investors digested reports showing larger-than-forecast contractions
in German and French fourth quarter economic growth.
Market players remained cautious ahead of a
meeting of Group-of-20 finance ministers in Moscow later in the week, which was likely to feature
discussions on competitive currency devaluation.
A weak technical picture also continued to weigh
on the precious metal after prices broke below a key support level earlier in the week.
On the Comex
division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,644.
75
a troy ounce during European morning trade, nearly flat on the day.
Prices held in between a tight
range of USD1,641.
75 a troy ounce, the daily low and a session high of USD1,646.
25 a troy ounce.
Gold f
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european,
forecast,
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futures,
growth,
level,
morning,
mtechtips,
prices,
quarter,
support,
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zone
