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Gold Updates, Barclays speech's Impact on Gold

Gold Updates
Gold on Thursday advanced after the European Central Bank cut interest rates for a second straight month. The gold prices gained 0.6 per cent to 1,755.40 dollar an ounce on the Comex in New York, while spot delivery in London advanced 0.5 per cent to 1,751.05 dollar an ounce. Silver also rose by 0.7 per cent to 32.85 dollar an ounce.

According to Barclays, ETP investor interest has not accompanied the recent gains and indeed remains weak. Metal held in trust was unchanged previousday but is at its lowest since March last year. Net redemptions for the year to date have reached 567koz exacerbating a market which has been swung into surplus on the back of continued Russian state stock releases. But for now Gold remains caught between soft physical demand, relative strength of the dollar and muted risk appetite.


Tata motors stock recommendation
Stock strongly on bullish side we recommed it for buy at today trading session Buy Tata Motors at - 191.40 for The Target of 193.10 & 195.
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