MTECHTIPS- Gold prices to trade sideways

MTECHTIPS- Gold prices to trade sideways

MTECHTIPS-gold prices closed flat at D 1309.3 per ounce, but the precious metal touched 10 – month high levels of D 1325.93/oz as the safe haven demand rose sharply after North Korea flew a missile over Japan. On Tuesday as well, gold prices gained support from weak dollar after the head of the European Central Bank (ECB) said that the euro zone’s economic recovery had taken hold at a meeting of central bankers. We expect gold prices to trade sideways today, international markets are trading higher by 0.3 percent at D 1313.2 per ounce

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