TeleTrade - Analytics

    TeleTrade

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    10.07.2015 06:57 Gold traded in a narrow range

    Gold is currently at $1,160.60 ( 0.12%) an ounce. The metal slightly climbed from a four-month low amid a stronger euro; however it's still headed for a week of declines. The euro rose against the dollar on news about new proposals by Greece's government to its creditors. A stronger euro made this dollar-denominated precious metal cheaper.

    Bullion has also received some support from IMF's global growth forecast revision. The fund cut its forecast for this year to 3.3% from 3.5% based on recent weakness in the U.S. economy.

    Physical demand in key consumers (China and India) remained weak.


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