Gold dips on strong US jobs data
05/02/2018
Gold dips on strong US jobs data
05/02/2018 07:36
Gold futures closed lower in the domestic market on Friday after a stronger-than-expected U.S. jobs report drove up the dollar and Treasury yields as the data laid some groundwork for a potentially more aggressive Federal Reserve interest-rate response this year. 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 30350 per 10 grams, down by 0.51 per cent, after opening at Rs 30,660 against a previous close of Rs 30,505. It touched the intra-day low of Rs 30,244.
05/02/2018
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Gold dips on strong US jobs data
05/02/2018 07:36
Gold futures closed lower in the domestic market on Friday after a stronger-than-expected U.S. jobs report drove up the dollar and Treasury yields as the data laid some groundwork for a potentially more aggressive Federal Reserve interest-rate response this year. 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 30350 per 10 grams, down by 0.51 per cent, after opening at Rs 30,660 against a previous close of Rs 30,505. It touched the intra-day low of Rs 30,244.
