4th Dubai Precious Metals Conference will be on April 12-13, 2015 at Atlantis The Palm...
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Gold is stuck in a range as investors are not eager to commit though price is markedly low. The sense of insecurity is centering around investors’ mind on the possibility of raising interest rate by Federal Reserve. If Fed raises the interest rate, financial products like bond will get attractive. Though Fed has clarified on 18th March that the interest rate will be raised slowly, not the way market anticipated, investors are not keen to go after gold aggressively. The sentiments could be verified with the performance of SPDR Gold ETF, whose current reserve stands at 749.77 tons, i.e., lower by 8% from year’s back, or 44% lower than Dec, 2012 highest reserve of 1353.35 tons. Market is waiting for a trigger and until that trigger comes gold may continue to languish at the lower level.
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Live Prices - 31 Mar 15
LBMA Gold Price ($/oz)
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Gold 1179.25 1187.00
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Silver 16.60
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