Gold and Silver
price dropped to their lowest in nearly 3 years. This tumble was due to
yesterday's USA data which was better than expected. A fear that Federal
Reserve would tight monetary policy has made US $ strong against all major
currencies.
On COMEX, gold
slipped below $1230. Silver did low
18.47.
Analysts believe
that in near future gold may touch $ 1100 and Indian rupees will be 62 per US
$.
No comments:
Post a Comment