BSH: GOLD Outlook: Russian President Vladimir Putin called on Sunday for immediate talks on the statehood of southern and eastern Ukraine, although his spokesman said this did not mean Moscow now endorsed rebel calls for independence for territory they have seized. The Kremlin leaders remarks, two days after a public appearance in which he compared the Kiev government with Nazis and warned the West not to mess with us, came as Europe and the United States prepared possible further sanctions to halt what they say is direct Russian military involvement in the war in Ukraine. SPDR Gold Trust, the worlds largest gold-backed exchange-traded fund, said its holdings fell 0.08 percent to 795.00 tonnes on Friday. Hedge funds and money managers decreased their bullish futures and option bets in gold for a second consecutive week as a record rally in U.S. equities sapped demand for the safe-haven metal. Gold prices are expected to move in a range to higher for the day. Technical: Gold will stay in tight range today 1280-1295....any break either side will negate this view...hold buy as it is and for fresh can wait for entry..thnx and happy trading
Posted on: Mon, 01 Sep 2014 06:33:28 +0000
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