Gold up on decline in US equity
10/11/2017 07:47
Gold up on decline in US equity
10/11/2017 07:47
Gold futures closed higher in the domestic market on Thursday with U.S. equities pulling back sharply and the dollar index continuing to trade below its recent multimonth highs as uncertainty about tax-bill progress hung over financial markets. U.S. stocks fell sharply from all-time highs with investors showing disappointment over news that Senate Republican’s tax plan would include a delay of cuts to corporate taxes until 2019. At the MCX, gold futures for December 2017 contract ended at Rs 29640 per 10 grams, up by 0.36 per cent, after opening at Rs 29,467 against a previous close of Rs 29,535. It touched the intra-day high of Rs 29,687.
10/11/2017 07:47
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Gold up on decline in US equity
10/11/2017 07:47
Gold futures closed higher in the domestic market on Thursday with U.S. equities pulling back sharply and the dollar index continuing to trade below its recent multimonth highs as uncertainty about tax-bill progress hung over financial markets. U.S. stocks fell sharply from all-time highs with investors showing disappointment over news that Senate Republican’s tax plan would include a delay of cuts to corporate taxes until 2019. At the MCX, gold futures for December 2017 contract ended at Rs 29640 per 10 grams, up by 0.36 per cent, after opening at Rs 29,467 against a previous close of Rs 29,535. It touched the intra-day high of Rs 29,687.
