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Precious Metals

Gold to trade in 30712-31098 range – Achiievers Equities

gold

Gold dropped as the dollar gained on stronger-than-expected U.S. manufacturing data and investors awaited jobs data later this week.

Also weighing on gold were reports that Deutsche Bank was negotiating a reduced settlement with the U.S. Department of Justice. India’s gold imports fell for a ninth straight month in September as weak retail demand and higher discounts prompted banks and refineries to cut overseas purchases of the bullion.

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Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul