Tuesday, 23 January 2018

Gold rises on wobbly dollar; stocks surge after U.S. government shutdown ends

Gold prices edged up on Tuesday as the dollar hovered around three-year lows, with a surge in global equities capping further gains after a U.S. government shutdown came to a halt.
Gold was mostly unaffected by the shutdown in the previous session, trading in a tight range defined on the low end by safe-haven demand amid the U.S. government closure and on the high end by the resiliency of the wider financial markets.
Spot gold rose 0.2 percent to $1,336.26 per ounce at 0447 GMT, up for a third straight session.
U.S. gold futures for February delivery rose 0.3 percent to $1,336.00 per ounce.
The U.S. Senate voted on Monday to pass a temporary spending plan through Feb. 8 to end the government shutdown.
Equity markets have since gained, with Wall Street's main indexes surging to record highs.

MCX CALL: BUY GOLD ABOVE 29885 TARGETS 29925 / 29975 / 30030 STOPLOSS 29815 


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