Weakening dollar & rising Euro once again lead the yellow metal 0.8 percent yesterday on the COMEX, the most in more than a week, and is headed for its first weekly increase since the five days ended June 18 but the effect could not be witnessed on the MCX front as late night surge in the global equity indices lead the commodity weaken.
Silver also paired the Gold as it also surged to the 1.52% daily gain on the daily basis which may lead it towards the weekly gain after long time.
Assets in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, fell 6.08 metric tons to 1,302.05 tons yesterday, according to the company's website. Global holdings of the metal by ETFs declined 7.1 tons to 2,064.6 tons yesterday, according to Bloomberg data from 10 providers.
