December 16, 2017

MTECHTIPS;-GOLD

Gold edged lower on Wednesday on uncertainty over whether the United States will avoid a fiscal
crisis. Gold contracts on the Tokyo Commodity Exchange (TOCOM), which often influence movements in spot gold, rose after the yen dropped to a 20-month low against the dollar on growing
hopes for further monetary easing in Japan. SPDR Gold Trust the world’s biggest gold-backed exchange-traded fund, remained unchanged at 1350 tons on ¬†Tuesday. Outlook: Gold is expected to
trade with negative bias  and take cues from US dollar index and US fiscal cliff news
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