Gold dips on persistent trade tensions 19/03/2018

Gold dips on persistent trade tensions
19/03/2018


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Gold dips on persistent trade tensions
19/03/2018 00:08
Gold futures closed lower in the domestic market on Friday as persistent trade tensions supplied a floor for the haven asset. Traders in the financial market have been weighing the potential for more turmoil in the Trump administration. While personnel issues unfold, concerns over a possible trade war between the U.S. and key trading partners were still weighing on investors’s minds as well. At the MCX, gold futures for April 2018 contract ended at Rs 30227 per 10 grams, down by 0.24 per cent, after opening at Rs 30,255 against a previous close of Rs 30,299. It touched the intra-day low of Rs 30,145.