COMEX gold range bound; key EU meetings eyed
Gold futures were trading in a narrow range today as
investors refrained from taking large position ahead of the France-Germany
summit in Paris today and key two-day European Union summit starting Thursday,
analysts said.
Gold received some support on expectation that the European Central Bank
may cut interest rates this week and also as Italy approved new budgetary
measures Sunday to cut the country's budget deficit by 2013.
Today, investors will eye the Eurozone services purchasing managers
index, US Institute for Supply Management non-manufacturing report, and US
durable orders for further cues.
Gold futures were trading in a narrow range today as
investors refrained from taking large position ahead of the France-Germany
summit in Paris today and key two-day European Union summit starting Thursday,
analysts said.
Gold received some support on expectation that the European Central Bank
may cut interest rates this week and also as Italy approved new budgetary
measures Sunday to cut the country's budget deficit by 2013.
Today, investors will eye the Eurozone services purchasing managers
index, US Institute for Supply Management non-manufacturing report, and US
durable orders for further cues.
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