Gold rises on weaker US dollar
29/01/2018
Gold rises on weaker US dollar
29/01/2018 07:34
Gold futures closed higher in the domestic market on Thursday as Trump administration comments favoring a weaker dollar knocked the U.S. currency to three-year lows and buoyed the yellow metal. Gold, which is priced in dollars, often trades inversely with the dollar, as moves in the U.S. unit can influence the attractiveness of the precious metal to holders of other currencies. At the MCX, gold futures for February 2018 contract ended at Rs 30357 per 10 grams, up by 0.36 per cent, after opening at Rs 30,300 against a previous close of Rs 30,249. It touched the intra-day high of Rs 30,464.
29/01/2018
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Gold rises on weaker US dollar
29/01/2018 07:34
Gold futures closed higher in the domestic market on Thursday as Trump administration comments favoring a weaker dollar knocked the U.S. currency to three-year lows and buoyed the yellow metal. Gold, which is priced in dollars, often trades inversely with the dollar, as moves in the U.S. unit can influence the attractiveness of the precious metal to holders of other currencies. At the MCX, gold futures for February 2018 contract ended at Rs 30357 per 10 grams, up by 0.36 per cent, after opening at Rs 30,300 against a previous close of Rs 30,249. It touched the intra-day high of Rs 30,464.
