Today's market analysis from Benoni sees much depending on which way the Greek Parliamentary vote goes tomorrow with the odds perhaps tilting towards rejection of ECB/IMF proposed austerity package.
Author: Julian PhillipsPosted: Tuesday , 28 Jun 2011
BENONI -
Asia pulled the gold price up back to $1,499, with the euro holding above €1: $1.42 level throughout London's morning. At the morning Fix in London it was lifted higher to Fix at $1,502.50. Thereafter, it slipped slightly to hold around $1.501.85 until New York opened. In the euro it was Fixed lower at €1,052.32. These movements are not significant and should be seen as part of the consolidation phase, awaiting clear direction.
Gold Prices in different currencies which highlight currency moves:
Swiss Franc - Today: Sf1,250.37: 1 ounce of gold. Friday: Sf1,250.48: 1 ounce of gold.
U.S. $ - Today: $1,501.05: 1 ounce of gold. Friday: $1,496.00: 1 ounce of gold.
Euro - Today: €1,048.70: 1 ounce of gold. Friday: €1,055.80: 1 ounce of gold.
India -Today: Rs. 67,635.67: 1 ounce of gold. Friday: Rs.67,420.33: 1 ounce of gold.
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