In general, gold is biased to the upside today, where corrections and heavy fluctuations are highly possible due to the end of the week volatility as positive demand seems to be stronger, driven by fears over Spain and the annual budget expected today.The Spanish Prime Minister, Mariano Rajoy, clarified that the government will announce the deepest round of austerity today, as the nation attempts to meet public deficit targets set by the European Commission, after the nation missed targets set of 2011.
JAI SANI MAHARAJ
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