Sunday, April 11, 2010

Gold price stable against the strong dollar

Gold price stable while strong dollar offsets investors demand for hard assets-
Gold steadied in Europe before 2 days as the rising dollar offset buying linked to fear driven diversification
into  hard assets like bullion.
Dealers reported good amount of gold buying from major market like India in recent session which also
supported price for other precious metals like palladium hitting a 2 year high and platinum its strongest price
in 20 months.
spot gold was bid at $1,133.85 an ounce against $1,133.2 late in NewYork on Tuesday. US gold futures
for June delivery on the convex division of New York Mercantile exchange eased $1.10 to 1,135.00 an
ounce.




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