CAPITALSTARS MCX COMMODITY GOLD NEWS UPDATE : :09 OCTOBER 2019

Precious Metals Preview: Gold Rebounds After Testing Lows Around $1490 Per Ounce

Gold continued to edge up after testing lows around $1490 per ounce amid safe-haven buying. Stocks slipped on waning optimism about US-China trade talks. Traders also focused on reports stating that a Brexit deal was essentially impossible. COMEX Gold currently trades at $1511 per ounce, up 0.46% on the day. MCX Gold futures closed at Rs 38391 per 10 grams, up 0.70% on the day after hitting a high of Rs 38599 per 10 grams. Economic cues also remained lax. China's services activity expanded at its slowest pace in seven months. The Caixin China services purchasing managers index fell to 51.3 in September from 52.1 in August, Caixin Media Co. and research firm Markit said Tuesday.

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