Gold Trade Constant at One-Week High on Frail Rupee

Gold futures stayed steady near the highest level in more than a week on Tuesday, supported by the declining rupee in the aftermath of a political crisis and as importers were unwilling to book the yellow metal.

As quoted in market news:

In the overseas market, gold hovered near a 2-1/2-week high on Tuesday, as nervousness around an upcoming vote on a levy on bank deposits in Cyprus supported safe haven interest in gold, but investors were skeptical about such support being sustained.

Click here to read full Reuters article.