WEEKLY-MARKET-REVIEW 5

Bullion: Both the precious metals, gold and silver
rebounded sharply on the bullion market in line with global
recovery, highlighted the trade during the week under review.
Though, there was run-away rally in yellow metal, but a
fag-end surge helped the gold to offset its previous weekend's
losses on the back of fresh buying at lower levels from
retailers and jewellers ahead of the fast approaching
Dhanteras and Diwali festivals.
While, speculators and stockists who mostly upstained
from taking positions in the absence of any major trigger from
overseas ahead of the Federal Reserve meet, suddenly resorted
to hectic buying too went in favour of gold prices.
Industrial metal, silver sidelining its initial
weakness, bounced back sharply towards the weekend to hit an
historic high on emergence of heavy buying by stockists and
traders taking the advantage of global rally, where the metal
touched a fresh 30-year high.
In New York, spot gold December delivery rose by USD
32.50 to USD 1,357.60 an ounce from last weekend's close of
USD 1,325.10.
Silver for December delivery also shot up to USD 24.56 an
ounce from previous weekend's level of USD 23.12. MORE PTI
SBP EDM
BSR


The information contained in this electronic message and any attachments to this
message are intended for the exclusive use of the addressee(s) and may contain
proprietary, confidential or privileged information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please notify
the sender immediately and destroy all copies of this message and any attachments
contained in it.


Delete & Prev | Delete & Next