Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Gold edges down, US fiscal talks in focus

Dec 27 2012, 10:34 IST
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US gold for February slipped $2.40 to $1,658.30 an ounce.  (Reuters) US gold for February slipped $2.40 to $1,658.30 an ounce. (Reuters)
SummaryUS gold for February slipped $2.40 to $1,658.30 an ounce.

physical trading had slowed to a trickle in Tokyo, where gold bars were offered at zero premiums to the spot London prices.

"It's the end of the year, so the Japanese market is very quiet. There's still a strong selling interest. Gold doesn't fetch any premiums at this moment," said a dealer in Tokyo.

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