Gold falls ahead of Fed meeting
13/12/2017
Gold falls ahead of Fed meeting
13/12/2017 15:14
Gold futures were down in the domestic market on Wednesday as investors braced for a widely expected US interest rate increase this week and looked for clues about further hikes from the Federal Reserve. The fall in gold prices at the futures market was also due to tepid demand from consuming industries at domestic spot markets, according to marketmen. At the MCX, gold futures for February 2018 contract is trading at Rs 28105 per 10 grams, down by 0.13 per cent, after opening at Rs 28200, against a previous close of Rs 28142. It touched the intra-day low of Rs 28103 (at 15:18 hours).
13/12/2017
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Gold falls ahead of Fed meeting
13/12/2017 15:14
Gold futures were down in the domestic market on Wednesday as investors braced for a widely expected US interest rate increase this week and looked for clues about further hikes from the Federal Reserve. The fall in gold prices at the futures market was also due to tepid demand from consuming industries at domestic spot markets, according to marketmen. At the MCX, gold futures for February 2018 contract is trading at Rs 28105 per 10 grams, down by 0.13 per cent, after opening at Rs 28200, against a previous close of Rs 28142. It touched the intra-day low of Rs 28103 (at 15:18 hours).
