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Gold futures increase on technical adjustment
(MENAFN) On Tuesday, Mar. 2 Gold futures on the COMEX division of the New York Mercantile Exchange climbed on technical adjustment.
The most active gold contract for delivery of April climbed USD10.6, or 0.62 percent, to settle at USD1,733.6 per ounce.
Gold is thought to be oversold, and recovered technically after declining for five consecutive sessions.
Market analysts project the next key gains in the price of gold to occur when the effect of U.S. administration's stimulus procedures begin to emerge in consumer price procedures.
The most active gold contract for delivery of April climbed USD10.6, or 0.62 percent, to settle at USD1,733.6 per ounce.
Gold is thought to be oversold, and recovered technically after declining for five consecutive sessions.
Market analysts project the next key gains in the price of gold to occur when the effect of U.S. administration's stimulus procedures begin to emerge in consumer price procedures.
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