Thursday 23 August 2012

GOLD REPORT....... WHY GOLD JUMP.............

Gold, oil rise sharply
Gold and crude-oil futures surged in electronic trade Thursday after Chinese manufacturing data showed significant deterioration. Comex gold for December delivery GCZ2 +1.

59% shot 1.5% higher to $1,665.20 per troy ounce, while October oil CLV2 +0.99% added 0.8% to trade at $98.00 a barrel. The gold contract fell 0.2% Wednesday, while the oil futures rose 0.4% during their respective sessions on the New York Mercantile Exchange. The move higher came after HSBC said its preliminary reading of Chinese manufacturing activity for August dropped its worst level in nine months.
 
                                            www.advisorybazzer.blogspot.in

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