Gold dips as dollar gains
21/11/2017
Gold dips as dollar gains
21/11/2017 07:40
Gold futures closed lower in the domestic market on Monday as the euro weakened and the dollar gained amid German political turmoil that left Chancellor Angela Merkel’s prospects of serving a fourth term in doubt. Gold had previously found support after the collapse of the coalition talks fueled a modest flight to quality that lifted other haven assets. But concerns were soon put on the back burner, with equities and other assets perceived as risky moving back into positive territory. At the MCX, gold futures for December 2017 contract ended at Rs 29356 per 10 grams, down by 1.12 per cent, after opening at Rs 29,646 against a previous close of Rs 29,690. It touched the intra-day low of Rs 29,344.
21/11/2017
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Gold dips as dollar gains
21/11/2017 07:40
Gold futures closed lower in the domestic market on Monday as the euro weakened and the dollar gained amid German political turmoil that left Chancellor Angela Merkel’s prospects of serving a fourth term in doubt. Gold had previously found support after the collapse of the coalition talks fueled a modest flight to quality that lifted other haven assets. But concerns were soon put on the back burner, with equities and other assets perceived as risky moving back into positive territory. At the MCX, gold futures for December 2017 contract ended at Rs 29356 per 10 grams, down by 1.12 per cent, after opening at Rs 29,646 against a previous close of Rs 29,690. It touched the intra-day low of Rs 29,344.
