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Indian-Commodity  :  Commodities  :  Gold Extends Record Breaking Rally To Seventh Straight Session

Gold Extends Record Breaking Rally To Seventh Straight Session (26-Apr-2011)

Gold prices extended the rally to the seventh consecutive session on Monday, as depreciation in American greenback and uncertainty ahead of the Fed`s latest meeting on interest rates send investors under the safe haven refuge. The yellow metal prices also got a lift from escalating geopolitical tensions in the Middle East and North African nations which underpinned crude prices thereby stoking up global inflation.

Gold futures for June delivery rose 0.35% higher to $1,509.10 an ounce on the Comex division of the New York Mercantile Exchange, whereas the spot gold prices advanced $2.7 to $1,507.40 an ounce.

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International Stock News
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US markets closed higher on Monday
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US markets closed higher on MondayThe US markets closed higher on Monday, with the Dow notching its 40th record close of the year as investors piled into financials and materials shares. US Secretary of State Rex Tillerson said that US......click on news to read complete article.

 

     
  
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