Monday, 26 May 2014

Gold futures up slightly in Asia in thin trade

Gold prices up slightly in Asia on Tuesday in thin trading with the U.S. markets on holiday overnight.

Comex gold for delivery in August quoted at $1,292.4 a troy ounce, up 0.04%.

The prices of gold rose on Monday in electronic commerce, as trading volumes were light with UK markets closed for a public holiday and the markets in closing the remaining U.S. due to the holiday of Memorial Day, 26 May 2014.

Market participants have also followed the evolution linked to elections in Ukraine during weekend, where exit polls showed a decisive victory for the pro-European candidate Petro Poroshenko.

Poroshenko has pledged to restore order in the country, following months of clashes between the Russian forces and pro-government.

Russian President Vladimir Putin on Friday committed to respect the outcome of the elections on Sunday. The U.S. and its allies warned they were going to tighten sanctions against Moscow whether voting was stopped.

At the Multi Commodity Exchange, gold for delivery in June traded lower by Rs 90, or 0.29 per cent, to Rs 27, 402 per 10 gram. a Indian MCX Commodity advisory and generally offers services & news about in bullion gold silver trading market. Follow 100McxTips company Facebook profile page ( and get market news tweets @ 100mcxtips

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