Gold rises as dollar weakens further
22/03/2018
Gold rises as dollar weakens further
22/03/2018 07:38
Gold futures closed higher in the domestic market on Wednesday as the dollar weakened further in the wake of the Federal Reserve’s decision to raise a key short-term interest rate. The central bank stuck to its December forecast for three rate increases this year, but pushed up their expected rate path in 2019 and 2020. Investors eyed Fed Chairman’s Jerome Powell’s press conference for clues on how aggressive the central bank panel will be with rates from here. Investors across financial markets had priced in expectations the Fed will raise its benchmark rate by a quarter-percentage point. At the MCX, gold futures for April 2018 contract ended at Rs 30455 per 10 grams, up by 0.63 per cent, after opening at Rs 30,270 against a previous close of Rs 30,263. It touched the intra-day high of Rs 30,525.
22/03/2018
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Gold rises as dollar weakens further
22/03/2018 07:38
Gold futures closed higher in the domestic market on Wednesday as the dollar weakened further in the wake of the Federal Reserve’s decision to raise a key short-term interest rate. The central bank stuck to its December forecast for three rate increases this year, but pushed up their expected rate path in 2019 and 2020. Investors eyed Fed Chairman’s Jerome Powell’s press conference for clues on how aggressive the central bank panel will be with rates from here. Investors across financial markets had priced in expectations the Fed will raise its benchmark rate by a quarter-percentage point. At the MCX, gold futures for April 2018 contract ended at Rs 30455 per 10 grams, up by 0.63 per cent, after opening at Rs 30,270 against a previous close of Rs 30,263. It touched the intra-day high of Rs 30,525.
