CAPITALSTARS MCX COMMODITY GOLD NEWS UPDATE : :10 OCTOBER 2019
Precious Metals Preview: Strong ETF Buying Lifts Gold
COMEX
Gold stayed supported today as a rebound above $1500 per ounce extended amid
continued worries over the global economic outlook. The yellow metal currently
trades at $1514 per ounce, up 0.10% on the day. MCX Gold futures are trading at
Rs 38530 per 10 grams, up 0.38% on the day. The World Gold Council (WGC) said
in the latest update that holding in global, gold-backed exchange-traded products
surpassed its 2012 levels and hit an all-time high in September. The report
said that ETF holding increased by 75.2 tonnes in September to a total of
2,808.
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