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Gold firms on sparse trade as economic concerns support
Author: CecilaCxavcf
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Gold firms on sparse trade as economic concerns support
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Further Deceleration of Chinese CPI Signaled more Easing to Come
Gold price retreated after the rally yesterday. Yet, the benchmark contract stayed about 1220 ahead of US opens. Crude oil prices resumed weaknesses ahead of the US inventory data. Besides oversupply concerns, investors’ sentiment was hurt by rising uncertainties in Greece, soft Chinese inflation data and falling consumer confidence in Japan.
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Further Deceleration of Chinese CPI Signaled more Easing to Come