Gold up on lower US dollar
02/02/2018
Gold up on lower US dollar
02/02/2018 07:48
Gold futures closed higher in the domestic market on Thursday on the back of a weaker dollar even after the Federal Reserve said it expects inflation to move up this year in a sign it is likely to hike rates at its next meeting in March. 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 30525 per 10 grams, up by 1.35 per cent, after opening at Rs 30,189 against a previous close of Rs 30,117. It touched the intra-day high of Rs 30,570.
02/02/2018
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Gold up on lower US dollar
02/02/2018 07:48
Gold futures closed higher in the domestic market on Thursday on the back of a weaker dollar even after the Federal Reserve said it expects inflation to move up this year in a sign it is likely to hike rates at its next meeting in March. 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 30525 per 10 grams, up by 1.35 per cent, after opening at Rs 30,189 against a previous close of Rs 30,117. It touched the intra-day high of Rs 30,570.
