Friday, 9 January 2015

Daily Gold and Silver Rates in Market

Gold fell for the second straight day on Thursday, in a choppy session weighed down by a stronger dollar and rising stock markets after being buoyed by expectations the Federal Reserve will be patient in raising interest rates.

We expect gold prices are likely to trade on negative note on the back of US interest rate outlook.

Silver was down 1 percent at $16.35 an ounce. The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening.

We expect Silver prices are likely to trade negative note on the back of US interest rate outlook.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment