Gold drifted lower for an eighth session out of nine on Tuesday on outflows from exchange-traded funds and as the dollar firmed, putting more pressure on bullion which has already lost nearly a fifth of its value this year.
Silver also dropped, after recovering from Monday�s early dive when it hit 2-1/2-year lows.
FUNDAMENTALS
* Spot gold had fallen 0.4 percent to USD 1,387.86 an ounce by 0042 GMT. The price rose 2.6 percent on Monday after a seven-session slide � the metal�s longest losing streak since March 2009.
* US gold futures gained 0.2 percent to USD 1,386.60.
* Growing fears the US Federal Reserve could soon halt its bond-buying programme has also trimmed gold�s appeal as an inflation hedge. Read more.. http://tradingtipsfree.wordpress.com/2013/...-holdings-drop/
Traders can make good profit in commodity trading with accurate commodity trading tips which help traders to play well in commodities. Max Commodity is the best advisory and consultancy who provides highly accurate Trading tips, MCX Tips, Commodity market tips, intraday tips and Stock market tips for the mcx commodity traders. Research is Based Upon Fundamental & Technical Analysis in Commodity Market. For more information about Commodity tips: http://maxcommodity.com/mcx-tips-with-100-accuracy/