Thursday, 9 January 2020

Gold Prices Drifted Lower As Profit Taking And An Increase In Risk

Gold trading range for the day is 39071-41813.

Gold prices drifted lower as profit taking and an increase in risk appetite amid hopes the ongoing tensions in the Middle East may not escalate into a full-fledged military conflict

Data released by payroll processor ADP showed private sector employment jumped by more than anticipated in the month of December.

The Perth Mint's gold product sales in December rose 45% from the previous month and to their highest in more than three years.

India’s gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high.

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Silver Trading Range For The Day Is 46112-46984

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