Gold up on increasing geopolitical worries
07/12/2017
07/12/2017 07:44
Gold futures closed higher in the domestic market on Wednesday with analysts pinning the rebound in part on geopolitical worries. Investors await the nonfarm-payroll report due Friday for clues on the U.S. Federal Reserve’s path on interest-rate hikes. Higher rates are typically a negative factor for nonyielding bullion, while also boosting the dollar, making U.S.-priced gold less attractive to investors using another currency. At the MCX, gold futures for February 2017 contract ended at Rs 28955 per 10 grams, up by 0.24 per cent, after opening at Rs 29,960 against a previous close of Rs 28,887. It touched the intra-day high of Rs 29,046.
07/12/2017
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Gold up on increasing geopolitical worries07/12/2017 07:44
Gold futures closed higher in the domestic market on Wednesday with analysts pinning the rebound in part on geopolitical worries. Investors await the nonfarm-payroll report due Friday for clues on the U.S. Federal Reserve’s path on interest-rate hikes. Higher rates are typically a negative factor for nonyielding bullion, while also boosting the dollar, making U.S.-priced gold less attractive to investors using another currency. At the MCX, gold futures for February 2017 contract ended at Rs 28955 per 10 grams, up by 0.24 per cent, after opening at Rs 29,960 against a previous close of Rs 28,887. It touched the intra-day high of Rs 29,046.
