Gold rises amid moderating political risk
19/04/2018
Gold rises amid moderating political risk
19/04/2018 07:40
Gold futures closed higher in the domestic market on Wednesday but maintained the tight trading range as U.S. stocks struggled to hold gains and the dollar stabilized.
Moderating political risk contributed to rangebound trading for gold after it was announced that South Korea and North Korea would hold talks to potentially change a decades-old armistice into a peace agreement.
At the MCX, gold futures for June 2018 contract ended at Rs 31540 per 10 grams, up by 0.50 per cent, after opening at Rs 31,350 against a previous close of Rs 31,383. It touched the intra-day high of Rs 31,591.
19/04/2018
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Gold rises amid moderating political risk
19/04/2018 07:40
Gold futures closed higher in the domestic market on Wednesday but maintained the tight trading range as U.S. stocks struggled to hold gains and the dollar stabilized.
Moderating political risk contributed to rangebound trading for gold after it was announced that South Korea and North Korea would hold talks to potentially change a decades-old armistice into a peace agreement.
At the MCX, gold futures for June 2018 contract ended at Rs 31540 per 10 grams, up by 0.50 per cent, after opening at Rs 31,350 against a previous close of Rs 31,383. It touched the intra-day high of Rs 31,591.
