MTECHTIPS;-Gold Eases As Equities Maintain Buyoant Mood

MTECHTIPS;-Gold Eases As Equities Maintain Buyoant Mood

MTECHTIPS-COMEX Gold slipped further as the equities zoomed up globally. Asian stocks have had a fantastic time in the first week of the New Year and it seems that equities are holding up quite well following the sharp rally witnessed in 2017. Major indices in Europe rose around 1% in early moves on Thursday, following the lead of Asian shares which hit a ten-year top. COMEX Gold has backed off from a three month high following this and currently trades at $1314 per ounce, down 0.35% on the day. MCX Gold futures are currently trading at Rs 29083 per 10 grams, down 0.35% on the day after testing a low near Rs 29060 levels

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