“China Support for Gold” by Mr. Prithviraj Kothari,MD,RSBL

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The world witnessed one of the greatest historic deals as an agreement was reached between the United States and Iran over Iran’s nuclear ambitions. This breaking news on the geo political front created hype hoopla in the market.
However, the sentiments subdued on Thursday as the US markets were for the annual Thanksgiving. Hence gold managed to snap a two day losing streak with spot prices closing at $1243.60. Overall Gold had nothing to gobble about this week, with the precious metal mired in the $1,240 range amid low volumes due to the US Thanksgiving holiday.
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