Bangkok--10 Aug--UOB Bullion and Futures
The SET50 Index June futures opened at 590.4. After the bell, the contract hit the intraday low of 590.1. Later, the contract traded sideways for the rest session, and hit its highest level of 593.0. The contract settled at 592.6, up 0.7 points with trading volume of 3,517.
This Morning Trend
Global stocks rose and the dollar edged higher on Monday on growing expectations the U.S.Federal Reserve will signal this week it is ready to renew its stimulus efforts to prop up a weakening U.S. economy.
Asian stocks are expected to open higher on Tuesday, underpinned by a stronger showing for stocks and speculation that the U.S. Federal Reserve may take further action to boost economic recovery.
Japan's Nikkei average rose 0.9 percent on Tuesday, helped by a halt in the yen's advance against the dollar and speculation that the U.S. Federal Reserve will signal potential steps to boost the sluggish economic recovery.
Gold Market Snapshot
Gold futures August contract in Thailand settled up THB 100 at THB 18,370 on the TFEX market with volume of 1,100 contracts.
Gold futures ended lower on Monday, snapping an eight-session winning streak, as a stronger dollar prompted investors to lock in profits ahead of a closely watched policy statement by the U.S. Federal Reserve.
Spot gold was at $1,200.75 an ounce at 2:49 p.m. EDT (1859 GMT), against $1,203.30 late in New York on Friday.
U.S. gold futures for December delivery settled down $2.70 at $1,202.60, the contract's first decline since July 27.
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