Gold up despite rise in treasury yields
26/04/2018
Gold up despite rise in treasury yields
26/04/2018 07:46
Gold futures closed higher in the domestic market on Wednesday even as Treasury yields, which tend to move inversely to precious metals prices, broke above 3% for the first time since January 2014. The rise in U.S. interest rates has come as traders increasingly start to price in four interest-rate hikes in 2018 from the Federal Reserve, rather than the three signaled by policy makers. At the MCX, gold futures for June 2018 contract ended at Rs 31386 per 10 grams, up by 0.04 per cent, after opening at Rs 31,417 against a previous close of Rs 31,372. It touched the intra-day high of Rs 31,430.
26/04/2018
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Gold up despite rise in treasury yields
26/04/2018 07:46
Gold futures closed higher in the domestic market on Wednesday even as Treasury yields, which tend to move inversely to precious metals prices, broke above 3% for the first time since January 2014. The rise in U.S. interest rates has come as traders increasingly start to price in four interest-rate hikes in 2018 from the Federal Reserve, rather than the three signaled by policy makers. At the MCX, gold futures for June 2018 contract ended at Rs 31386 per 10 grams, up by 0.04 per cent, after opening at Rs 31,417 against a previous close of Rs 31,372. It touched the intra-day high of Rs 31,430.
