Published on 12/01/2018 10:40:34 AM | Source: IIFL Ltd

Gold Prices Reclaimed Four Week High,Underpinned By Weaker Dollar - IIFL

Posted in | #Commodity Tips #IIFL


Commodities

Gold Prices Reclaimed Four Week High,Underpinned By Weaker Dollar, While Liquidation In The Crypto-Currency Space Also Provided Traction To The Precious Complex. Bitcoin Took A Major Hit After South Korean Government Announced That It Is Drafting Plans To ban Trading In It.

Strength In Oil Has Been Impressive, Driven By OPEC`s Compliance On Production Accord And Signals Of Recovery In global Demand. Decline In US Crude Oil Inventories Is Also Helping The Sentiment.

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