Gold up as trade war intensifies
05/04/2018
Gold up as trade war intensifies
05/04/2018 07:40
Gold futures closed higher in the domestic market on Wednesday after China said it would impose tariffs of up to 25% on 106 American categories of products such as soybeans, elevating tensions in a simmering trade conflict between the U.S. and Beijing. Mounting confrontation provided a lift for gold and other havens that tend to attract bids in times of global uncertainty. At the MCX, gold futures for June 2018 contract ended at Rs 30865 per 10 grams, up by 0.42 per cent, after opening at Rs 30,754 against a previous close of Rs 30,737. It touched the intra-day high of Rs 31,120.
05/04/2018
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Gold up as trade war intensifies
05/04/2018 07:40
Gold futures closed higher in the domestic market on Wednesday after China said it would impose tariffs of up to 25% on 106 American categories of products such as soybeans, elevating tensions in a simmering trade conflict between the U.S. and Beijing. Mounting confrontation provided a lift for gold and other havens that tend to attract bids in times of global uncertainty. At the MCX, gold futures for June 2018 contract ended at Rs 30865 per 10 grams, up by 0.42 per cent, after opening at Rs 30,754 against a previous close of Rs 30,737. It touched the intra-day high of Rs 31,120.
