Gold up on geopolitical tensions
12/04/2018
Gold up on geopolitical tensions
12/04/2018 07:32
Gold futures closed higher in the domestic market on Wednesday buoyed by geopolitical tensions focused on Syria and elsewhere that put the haven metal in demand. Investor attention has momentarily shifted from anxieties over trade conflicts to concerns about a possible military strike against Syrian President Bashar al-Assad for an alleged government-led chemical-weapons attack. Rising anxieties in the Middle East, and the possibility of drawing a response from Syrian allies, Iran and Russia, have attracted some investors to safety investments, including gold, the yen and bonds. At the MCX, gold futures for June 2018 contract ended at Rs 31340 per 10 grams, up by 1.42 per cent, after opening at Rs 30,950 against a previous close of Rs 30,900. It touched the intra-day high of Rs 31,562.
12/04/2018
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Gold up on geopolitical tensions
12/04/2018 07:32
Gold futures closed higher in the domestic market on Wednesday buoyed by geopolitical tensions focused on Syria and elsewhere that put the haven metal in demand. Investor attention has momentarily shifted from anxieties over trade conflicts to concerns about a possible military strike against Syrian President Bashar al-Assad for an alleged government-led chemical-weapons attack. Rising anxieties in the Middle East, and the possibility of drawing a response from Syrian allies, Iran and Russia, have attracted some investors to safety investments, including gold, the yen and bonds. At the MCX, gold futures for June 2018 contract ended at Rs 31340 per 10 grams, up by 1.42 per cent, after opening at Rs 30,950 against a previous close of Rs 30,900. It touched the intra-day high of Rs 31,562.
