Gold rises on global trade war threat
05/03/2018
Gold rises on global trade war threat
05/03/2018 00:06
Gold futures closed higher in the domestic market on Friday as the threat of a global trade war pushed stocks and the dollar lower, underpinning a flight to the perceived safety for assets such as precious metals. The precious metal also scored a fillip from buying from investors looking to hedge against rising prices that are typically associated with global trade tensions. At the MCX, gold futures for April 2018 contract ended at Rs 30449 per 10 grams, up by 0.94 per cent, after opening at Rs 30,250 against a previous close of Rs 30,165. It touched the intra-day high of Rs 30,528.
05/03/2018
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Gold rises on global trade war threat
05/03/2018 00:06
Gold futures closed higher in the domestic market on Friday as the threat of a global trade war pushed stocks and the dollar lower, underpinning a flight to the perceived safety for assets such as precious metals. The precious metal also scored a fillip from buying from investors looking to hedge against rising prices that are typically associated with global trade tensions. At the MCX, gold futures for April 2018 contract ended at Rs 30449 per 10 grams, up by 0.94 per cent, after opening at Rs 30,250 against a previous close of Rs 30,165. It touched the intra-day high of Rs 30,528.
