Gold and Silver Commodity Trading Futures

kittycriston

Junior member
25 1
Gold futures were trading higher on strong physical demand and
bargain buying after the sell-off in the metal last week. A weak rupee makes
imports of dollar-denominated commodities such as gold more expensive.
Although physical demand for the precious metal has risen, but market feel that
lack of investment demand may prevent any major rise in prices. Gold holdings
of SPDR GoldTrust fell 9.93 tn from the previous session to a three-year low of
1,123.06 tn Friday, according to data on the website of the world's largest gold
exchange-traded fund. Silver futures also traded higher today due to the rise in
COMEX futures and due to the weak rupee.
 
 
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