de deficit which will lead to the dollar losing further value. Since gold has an inverse co-relation with the greenback, this is bound to impact the metal positivThe International and domestic Prices of gold are bound to the soar to new high on the back of rising geopolitical concerns, the high price of crude, the US twin deficits and the upcoming festive season which kicks off from August. The researchers (commodities believes that gold for august delivery on the commix division of the Nymex will cool of from $668 to around $660 per troy ounce before testing the $700 a troy ounce mark – there are 32,151 troy ounces in a matric tonne -within a month’s time.

The immediate factors preceding the rally which traders ought to watch out for are the geopolitical tensions in West Asia and the US trade deficit which will lead to the dollar losing further value. Since gold has an inverse co-relation with the greenback, this is bound to impact the metal positiv

deficits and the upcoming festive season which kicks off from August. The researchers (commodities believes that gold for august delivery on the commix division of the Nymex will cool of from $668 to around $660 per troy ounce before testing the $700 a troy ounce mark – there are 32,151 troy ounces in a matric tonne -within a month’s time.

The immediate factors preceding the rally which traders ought to watch out for are the geopolitical tensions in West Asia and the US trade deficit which will lead to the dollar losing further value. Since gold has an inverse co-relation with the greenback, this is bound to impact the metal positiv

of the Nymex will cool of from $668 to around $660 per troy ounce before testing the $700 a troy ounce mark – there are 32,151 troy ounces in a matric tonne -within a month’s time.

The immediate factors preceding the rally which traders ought to watch out for are the geopolitical tensions in West Asia and the US trade deficit which will lead to the dollar losing further value. Since gold has an inverse co-relation with the greenback, this is bound to impact the metal positiv

hin a month’s time.

The immediate factors preceding the rally which traders ought to watch out for are the geopolitical tensions in West Asia and the US trade deficit which will lead to the dollar losing further value. Since gold has an inverse co-relation with the greenback, this is bound to impact the metal positiv

de deficit which will lead to the dollar losing further value. Since gold has an inverse co-relation with the greenback, this is bound to impact the metal positively.”

With violence continuing in West Asia, gold prices hovered above Rs10,000 per 10gm for the third successive sessions in the domestic market on sustained buying by investors. As a precautionary measure. A fall in equity prices and high crude prices also boosted buying sentiment.

Interestingly, the yellow metal lost nearly 4% in late trading in London on Monday as investors took profits after the metal earlier hit a two-month high on conflict in West Asia.