Gold traded in a narrow range on Thursday and largely held on to overnight gains of nearly 1 percent as an upcoming Chinese holiday kept investors on the sidelines and their focus turned towards U.S. debt ceiling talks. Chinese markets will be closed next week for the National Day holiday, keeping prospective buyers on the sidelines. Buying over the last two weeks has been soft, dealers said, adding that demand could pick up once China comes back from the holiday.
Today's Key Headlines
1) WTI Heads for Third Weekly Loss as UN Said to Reach Syria Deal
2) Gold Extends Weekly Drop as Jobless Claims Boost Fed Taper Bets
3) Copper Drops, Paring Quarterly Gain, as Data Stoke Stimulus Bets
4) Argentine Wheat Surplus Seen Replacing Brazil Imports from U.S
5) World Wheat Outlook Raised by IGC on Europe as Corn Is Lowered
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf
Today's Key Headlines
1) WTI Heads for Third Weekly Loss as UN Said to Reach Syria Deal
2) Gold Extends Weekly Drop as Jobless Claims Boost Fed Taper Bets
3) Copper Drops, Paring Quarterly Gain, as Data Stoke Stimulus Bets
4) Argentine Wheat Surplus Seen Replacing Brazil Imports from U.S
5) World Wheat Outlook Raised by IGC on Europe as Corn Is Lowered
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf