Thursday, April 19, 2012
Both gold and silver prices shed around 0.7%
Bullion metal prices ended lower on Wednesday, 18 April 2012 at Comex. Prices fell as physical demand of gold seemed to drop. A steady dollar also restricted price rise. Prices fell in tandem with equities, which slipped over disappointing earning reports.
Gold for June delivery ended lower by $11.5 or 0.7%, to end at $1,639.6 an ounce on the Comex division of the New York Mercantile Exchange on Wednesday. The metal had gained 1.8% last week.
The Indian markets may start today's trading session on a flat to positive note as volatility still lingers. SGX Nifty is up by 17.50 points.
Headlines for the day:
HC sets aside contempt order against IFCI, its CEO.
FDI up 74% in Feb to $2.21 bn.
Wipro to be title sponsor of San Francisco Marathon.
RBI cuts bank rate to 9%.
The European stocks fell on Wednesday (April 18, 2012), FTSE100 fell by 0.38%, CAC40 down by 1.59% and DAX declined by 1.01%.
The US stocks closed lower on Wednesday. Dow Jones fell by 0.63% and Nasdaq down by 0.37%.
The Asian shares are trading mixed on Thursday (April 19, 2012). SGX Nifty up by 17.50 points.
Events for the day:
Results: IndusInd Bank, ACC, Ambuja Cements, Hindustan Zinc