Gold down with no fresh buying indicator
18/12/2017
Gold down with no fresh buying indicator
18/12/2017 07:31
Gold futures closed lower in the domestic market on Friday as there’s not yet a strong enough contrarian indicator to encourage fresh buying. Gold prices have climbed this year despite rising U.S. interest rates, a rally in global stock markets and a jump in cryptocurrency prices—and the yellow metal has plenty of reasons to stretch its gains into 2018. At the MCX, gold futures for February 2017 contract ended at Rs 28275 per 10 grams, down by 0.15 per cent, after opening at Rs 28,273 against a previous close of Rs 28,317. It touched the intra-day low of Rs 28,205.
18/12/2017
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Gold down with no fresh buying indicator
18/12/2017 07:31
Gold futures closed lower in the domestic market on Friday as there’s not yet a strong enough contrarian indicator to encourage fresh buying. Gold prices have climbed this year despite rising U.S. interest rates, a rally in global stock markets and a jump in cryptocurrency prices—and the yellow metal has plenty of reasons to stretch its gains into 2018. At the MCX, gold futures for February 2017 contract ended at Rs 28275 per 10 grams, down by 0.15 per cent, after opening at Rs 28,273 against a previous close of Rs 28,317. It touched the intra-day low of Rs 28,205.
