Gold prices fall as geopolitical tension eases
31/05/2018
Gold prices fall as geopolitical tension eases
31/05/2018 09:21
Gold futures closed lower in the domestic market on Wednesday as strong dollar continued to weigh on the market amid easing political crisis in Italy. Although risk aversion has the ability to support gold in the short term, an appreciating dollar and expectations of higher US interest rates are likely to continue weighing heavily on the yellow metal in the medium to longer term. At the MCX, gold futures for June 2018 contract ended at Rs 31016.00 per 10 grams, down by 0.55 per cent, after opening at Rs 31150.00 against a previous close of Rs 31188.00. It touched the intra-day low of Rs 30926.00.
31/05/2018
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Gold prices fall as geopolitical tension eases
31/05/2018 09:21
Gold futures closed lower in the domestic market on Wednesday as strong dollar continued to weigh on the market amid easing political crisis in Italy. Although risk aversion has the ability to support gold in the short term, an appreciating dollar and expectations of higher US interest rates are likely to continue weighing heavily on the yellow metal in the medium to longer term. At the MCX, gold futures for June 2018 contract ended at Rs 31016.00 per 10 grams, down by 0.55 per cent, after opening at Rs 31150.00 against a previous close of Rs 31188.00. It touched the intra-day low of Rs 30926.00.
