Gold rises on dipping dollar
20/11/2017
Gold rises on dipping dollar
20/11/2017 07:36
Gold futures closed higher in the domestic market on Friday as the latest developments in the investigation into Russia’s interference in the U.S. presidential election knocked the dollar lower. With these developments as backdrop, investors were tracking the likelihood that the Republican tax plan can advance. The focus is now on the Senate after the House passed a sweeping bill to overhaul the tax code on Thursday. A revised bill moving through the Senate Finance Committee differs in key aspects from the House measure, and would delay the corporate-rate tax cut until 2019. At the MCX, gold futures for December 2017 contract ended at Rs 29718 per 10 grams, up by 0.73 per cent, after opening at Rs 29,420 against a previous close of Rs 29,503. It touched the intra-day high of Rs 29,725.
20/11/2017
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Gold rises on dipping dollar
20/11/2017 07:36
Gold futures closed higher in the domestic market on Friday as the latest developments in the investigation into Russia’s interference in the U.S. presidential election knocked the dollar lower. With these developments as backdrop, investors were tracking the likelihood that the Republican tax plan can advance. The focus is now on the Senate after the House passed a sweeping bill to overhaul the tax code on Thursday. A revised bill moving through the Senate Finance Committee differs in key aspects from the House measure, and would delay the corporate-rate tax cut until 2019. At the MCX, gold futures for December 2017 contract ended at Rs 29718 per 10 grams, up by 0.73 per cent, after opening at Rs 29,420 against a previous close of Rs 29,503. It touched the intra-day high of Rs 29,725.
