Gold rises on weak US dollar
14/03/2018
Gold rises on weak US dollar
14/03/2018 07:44
Gold futures closed higher in the domestic market on Tuesday as the U.S. dollar softened and President Donald Trump Secretary of State Rex Tillerson was replaced by Mike Pompeo, current director of the Central Intelligence Agency, helping to boost haven demand for the yellow metal. The greenback had given up an earlier advance when a reading on U.S. consumer-level inflation came in largely as expected and tempered expectations that the Federal Reserve could turn more aggressive with interest-rate moves this year. At the MCX, gold futures for April 2018 contract ended at Rs 30372 per 10 grams, up by 0.13 per cent, after opening at Rs 30,322 against a previous close of Rs 30,332. It touched the intra-day high of Rs 30,409.
14/03/2018
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Gold rises on weak US dollar
14/03/2018 07:44
Gold futures closed higher in the domestic market on Tuesday as the U.S. dollar softened and President Donald Trump Secretary of State Rex Tillerson was replaced by Mike Pompeo, current director of the Central Intelligence Agency, helping to boost haven demand for the yellow metal. The greenback had given up an earlier advance when a reading on U.S. consumer-level inflation came in largely as expected and tempered expectations that the Federal Reserve could turn more aggressive with interest-rate moves this year. At the MCX, gold futures for April 2018 contract ended at Rs 30372 per 10 grams, up by 0.13 per cent, after opening at Rs 30,322 against a previous close of Rs 30,332. It touched the intra-day high of Rs 30,409.
