Gold Eased As Hints From Leading Central Banks

Gold trading range for the day is 28280-28688.

Gold eased as hints from leading central banks that the era of easy money may be coming to a close pushed bond yields higher, hurting the prices.

Comments from ECB, BOE and BOC central banks indicated that quantitative easing programmes put in place in the wake of the financial crisis may be being wound up.

Gold premiums in India jumped to the highest level in 7-1/2 months as consumers advanced purchases to avoid paying higher tax.

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