Gold dips on rising Treasury yields
15/05/2018
Gold dips on rising Treasury yields
15/05/2018 07:44
Gold futures closed lower in the domestic market on Monday as a rise in Treasury yields helped put the metal on track for a fifth loss in six sessions. So far, a time of geopolitical uncertainty on at least three fronts, including Iran, North Korea and trade with China, has rattled markets, but hasn’t generated uncertainty sufficient to push bullion much higher. At the MCX, gold futures for June 2018 contract ended at Rs 31491 per 10 grams, down by 0.09 per cent, after opening at Rs 31,450 against a previous close of Rs 31,518. It touched the intra-day low of Rs 31,384.
15/05/2018
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Gold dips on rising Treasury yields
15/05/2018 07:44
Gold futures closed lower in the domestic market on Monday as a rise in Treasury yields helped put the metal on track for a fifth loss in six sessions. So far, a time of geopolitical uncertainty on at least three fronts, including Iran, North Korea and trade with China, has rattled markets, but hasn’t generated uncertainty sufficient to push bullion much higher. At the MCX, gold futures for June 2018 contract ended at Rs 31491 per 10 grams, down by 0.09 per cent, after opening at Rs 31,450 against a previous close of Rs 31,518. It touched the intra-day low of Rs 31,384.
