Gold down after upbeat US economic data
16/05/2018
Gold down after upbeat US economic data
16/05/2018 07:42
Gold futures closed lower in the domestic market on Tuesday after upbeat U.S. economic data added to pressure from climbing rates in the benchmark 10-year Treasury. Gold logged losses as reports showed sales at U.S. retailers rose in April for the second straight month, adding to evidence the economy sped up after a slower start to the year. A separate report showed a sharp snap back in New York economic growth. At the MCX, gold futures for June 2018 contract ended at Rs 31175 per 10 grams, down by 1.04 per cent, after opening at Rs 31,450 against a previous close of Rs 31,504. It touched the intra-day low of Rs 31,161.
16/05/2018
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Gold down after upbeat US economic data
16/05/2018 07:42
Gold futures closed lower in the domestic market on Tuesday after upbeat U.S. economic data added to pressure from climbing rates in the benchmark 10-year Treasury. Gold logged losses as reports showed sales at U.S. retailers rose in April for the second straight month, adding to evidence the economy sped up after a slower start to the year. A separate report showed a sharp snap back in New York economic growth. At the MCX, gold futures for June 2018 contract ended at Rs 31175 per 10 grams, down by 1.04 per cent, after opening at Rs 31,450 against a previous close of Rs 31,504. It touched the intra-day low of Rs 31,161.
