Fundamental Review
Gold steadied in Europe on Monday, surrendering earlier gains, in line with a slight gold eased in Europe on Tuesday as the dollar rebounded on the back of uncertainty over the extent of quantitative easing expected from U.S. authorities, denting interest in the metal as a haven from weak currencies. US Copper hit its highest level in more than two years on Monday, buoyed by expectations of more quantitative easing (qe) in the united states, eroding the dollar and making metals cheaper.
Gold steadied in Europe on Monday, surrendering earlier gains, in line with a slight gold eased in Europe on Tuesday as the dollar rebounded on the back of uncertainty over the extent of quantitative easing expected from U.S. authorities, denting interest in the metal as a haven from weak currencies. US Copper hit its highest level in more than two years on Monday, buoyed by expectations of more quantitative easing (qe) in the united states, eroding the dollar and making metals cheaper.
News Highlight
US Gold eases below $1,350/oz as dollar recovers.
Oil slips towards $82 on stronger dollar.
US Copper falls, market awaits insight on qe.
Indian turmeric eases on pick-up in arrivals; seen steady.
US Gold eases below $1,350/oz as dollar recovers.
Oil slips towards $82 on stronger dollar.
US Copper falls, market awaits insight on qe.
Indian turmeric eases on pick-up in arrivals; seen steady.
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