Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: PRECIOUS-Gold steadies off 2-wk low, Goldman fallout eyed
 
TOKYO, April 20 (Reuters) - Gold prices steadied above two-week lows on Tuesday, but investors remained cautious about potential fallout from fraud charges against Goldman Sachs and currency volatility on Greece's debt problems.

FUNDAMENTALS

* Spot gold were little changed at $1,134.00 per ounce from New York's notional close of $1,134.60 an ounce.

* U.S. gold futures for June delivery were at $1,134.50 per ounce, compared with Monday's $1,135.80 on the COMEX division of the New York Mercantile Exchange.

* On Monday, investors took the opportunity to cash in profits on gold, which has rallied about $100 since early February, pushing it down to a two-week low.

* Investors were cautious about potential fallout from fraud charges that U.S. authorities have levelled at leading commodities player and investment bank Goldman Sachs Group Inc .

* Gold tumbled 2 percent on Friday.

* The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust , said its holdings stood at 1,141.041 tonnes as of April 19, unchanged from the previous business day and the same as a record first marked on April 9. [GOL/SPDR]

MARKET NEWS

* U.S. stocks rose late on Monday as investors reassessed the potential damage of the fraud case against Goldman and earnings optimism grew. [.N]

* The dollar was slightly weaker against a basket of major currencies on Tuesday, after rising the previous day when concerns over the charges against Goldman and a delay in planned talks on an aid package for Greece stoked safe-haven demand for the U.S. currency. [USD/]

* AngloGold Ashanti, the world's No. 3 gold producer, could invest $2.5 billion to $3 billion to build a gold mine in Colombia if feasibilities studies show the project is viable, a top executive said. [ID:nN19229242]

* Gold mining companies will invest as much as $4.5 billion over the next ten years in Colombia, attracted by rich unexplored areas and soaring prices, the head of the country's Asomineros miners group told Reuters. [ID:nN19211033]

DATA EVENTS

* The following data is expected on Tuesday:

- Germany March PPI. (0600 GMT)

- Euro zone February current account. (0800 GMT)

- Euro zone February investment flows. (0800 GMT)

- UK March inflation data. (0830 GMT)

- Germany April ZEW. (0900 GMT)

- ICSC/Goldman Sachs weekly U.S. chain store sales. (1145 GMT)

- Federal Reserve Chairman Ben Bernanke and U.S. Treasury Secretary Timothy Geithner testify. (1500 GMT)

- ABC U.S. weekly consumer comfort index. (2100 GMT)

RELATED NEWS >Gold drops but off lows; eyes Goldman fallout [GOL/] >Oil, copper, CRB hit 3-week lows on Goldman [COM/WRAP] >US will act if China does not revalue-lawmaker [ID:nN19216195] >Temasek, APG plan to acquire stakes in Platmin [ID:nN19196762]

PRICES

Precious metals prices at 2332 GMT Metal Last Change Pct chg 2 Day chg MA 30 RSI Spot gold $1136.70 $2.10 +0.19% -1.83% $1123.81 47 Spot silver $17.75 $0.04 +0.23% -2.37% $17.54 44 Spot plat $1692.00 -$1.50 -0.09% +0.12% $1652.17 51 COMEX gold $1135.90 $0.70 +0.06% -0.04% $1126.62 44 TOCOM gold 3,370 12 +0.36% -1.66% 3,362 40 TOCOM plat 4,992 62 +1.26% -1.64% 4,927 46 Currencies Euro/dlr $1.349 $0.000 +0.01% +0.16% Dlr/yen 92.47 0.00 +0.00% +0.65% TOCOM prices in yen per gram. Spot prices in $ per ounce. (Reporting by Chikako Mogi; Editing by Joseph Radford)

Source