Gold dips on rising US dollar
27/04/2018
Gold dips on rising US dollar
27/04/2018 07:47
Gold futures closed lower in the domestic market on Thursday pressured by gains in the U.S. dollar and stock market. The precious metal found some support from a fall in the U.S. 10-year Treasury yield from the psychologically significant level of 3%, The pullback for yields, which can help bolster appetite for gold, comes as the European Central Bank, held its policy mix unchanged, as expected. The dollar, however, traded higher and U.S. stocks climbed, dulling gold’s investment appeal. At the MCX, gold futures for June 2018 contract ended at Rs 31226 per 10 grams, down by 0.57 per cent, after opening at Rs 31,332 against a previous close of Rs 31,406. It touched the intra-day low of Rs 31,183.
27/04/2018
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Gold dips on rising US dollar
27/04/2018 07:47
Gold futures closed lower in the domestic market on Thursday pressured by gains in the U.S. dollar and stock market. The precious metal found some support from a fall in the U.S. 10-year Treasury yield from the psychologically significant level of 3%, The pullback for yields, which can help bolster appetite for gold, comes as the European Central Bank, held its policy mix unchanged, as expected. The dollar, however, traded higher and U.S. stocks climbed, dulling gold’s investment appeal. At the MCX, gold futures for June 2018 contract ended at Rs 31226 per 10 grams, down by 0.57 per cent, after opening at Rs 31,332 against a previous close of Rs 31,406. It touched the intra-day low of Rs 31,183.
