Spread between near and far month contracts have widened reflecting lack of buying interest in physical market as well as disparity in international market.
Gold witnessed a sharp rise in the last few sessions, however, failure to break past the $1,700 per troy ounce level has led to an equally quick correction and the price is currently near $1,625 per troy ounce.
Gold rallied sharply in the last few days as Federal Reserve's aggressive monetary easing measures led to a correction in the US dollar index. Gold also benefitted from ETF inflows and supply concerns ...
Read the full text moneycontrol