|
The record high for gold shares in India, tracking overseas markets, is expected to result in a steadier areal. The international gold market held steady, as investors closely watched the situation on the Korean peninsula after an exchange of fire on Tuesday. It is on the other hand estimated to climb in New York speculating a deal to rescue Irelands banks will curb a spread of the debt crisis and help weaken the dollar. Hoping that Ireland scenario is going to improve, investors see the euro going up, according to Peter Fertig, owner of Quantitative Commodity Research Ltd. in Hainburg, Germany. This can only add up to higher gold futures for December delivery, which added $2.90, or 0.2 percent, to $1,355.20 an ounce at 8:01 a.m. on the Comex in New York.
|
