Gold dips as Yellen watch continues
25/08/2016 08:27
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Precious metals and the dollar have vacillated amid shifting expectations about the U.S. Federal Reserve’s interest-rate policy, ahead of a closely watched retreat in Jackson Hole, Wyo., where Fed Chairwoman Janet Yellen will speak on Friday.
At the MCX, Gold futures for October 2016 contract closed at Rs 31,034, per 10 gram, down by 1.07 per cent after opening at Rs 31,290, against the previous closing price of Rs 31,370. It touched the intra-day low of Rs 31,027.
25/08/2016 08:27
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Gold futures closed lower in the domestic market on Wednesday as investors hoped for clarity this week on the near-term path for interest rates.Precious metals and the dollar have vacillated amid shifting expectations about the U.S. Federal Reserve’s interest-rate policy, ahead of a closely watched retreat in Jackson Hole, Wyo., where Fed Chairwoman Janet Yellen will speak on Friday.
At the MCX, Gold futures for October 2016 contract closed at Rs 31,034, per 10 gram, down by 1.07 per cent after opening at Rs 31,290, against the previous closing price of Rs 31,370. It touched the intra-day low of Rs 31,027.
