Gold Prices trading higher today - ICICI Bank : Treasury Research

Gold: Gold prices are trading higher today as Fed Chairman Bernanke comments in favour of an accommodative monetary policy in US aided the metal prices. Meanwhile, a decline in SPDR Gold Trust holdings to 935.17 tonnes from 936.07 tonnes yesterday weighed on the metal and limited the gains. Spot gold is currently trading at USD 1293.9/oz as compared to yesterday's close of USD 1284.2/oz. Technically gold is expected to trade in the range of 1260-1300/oz.

Source : Equity Bulls

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