Gold dips as US equity strengthens
05/12/2017
Gold dips as US equity strengthens
05/12/2017 07:45
Gold futures closed lower in the domestic market on Monday as most U.S. equities climbed and the dollar firmed after weekend passage in the Senate of what’s seen as business-friendly tax changes. The bill still has to be reconciled with the version approved by the U.S. House of Representatives. All the same, market participants regained their risk appetite as a result, so the gold price fell accordingly. At the MCX, gold futures for December 2017 contract ended at Rs 29033 per 10 grams, down by 0.60 per cent, after opening at Rs 29,029 against a previous close of Rs 29,209. It touched the intra-day low of Rs 29,000.
05/12/2017
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Gold dips as US equity strengthens
05/12/2017 07:45
Gold futures closed lower in the domestic market on Monday as most U.S. equities climbed and the dollar firmed after weekend passage in the Senate of what’s seen as business-friendly tax changes. The bill still has to be reconciled with the version approved by the U.S. House of Representatives. All the same, market participants regained their risk appetite as a result, so the gold price fell accordingly. At the MCX, gold futures for December 2017 contract ended at Rs 29033 per 10 grams, down by 0.60 per cent, after opening at Rs 29,029 against a previous close of Rs 29,209. It touched the intra-day low of Rs 29,000.
