Thursday, March 31, 2011

Indian Physical Gold Buyers Cautious Ahead Of Payrolls Data

According to a Reuters report webbed by the Economic Times, Indian traders are hesitant about buying gold before tomorrow's release of the payrolls data.
"A few bookings are there, but still, traders want clarity on prices. They are waiting for Friday's jobs report," said a dealer with a state-run, bullion-importing bank.
A stonger rupee helped limit the price rise in local-currency terms.

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