Gold rises following mixed global cues
07/05/2018
Gold rises following mixed global cues
07/05/2018 07:44
Gold futures closed higher in the domestic market on Friday following mixed trading as investors showed a lukewarm reaction to the monthly U.S. jobs report. Trade issues also remain in focus as U.S. and Chinese officials were meeting for discussions on tariffs and other issues. Worries about trade hostilities between the top two global economies have roiled financial markets in recent months, underpinning some demand for haven gold. At the MCX, gold futures for June 2018 contract ended at Rs 31129 per 10 grams, up by 0.27 per cent, after opening at Rs 31,020 against a previous close of Rs 31,046. It touched the intra-day high of Rs 31,139.
07/05/2018
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Gold rises following mixed global cues
07/05/2018 07:44
Gold futures closed higher in the domestic market on Friday following mixed trading as investors showed a lukewarm reaction to the monthly U.S. jobs report. Trade issues also remain in focus as U.S. and Chinese officials were meeting for discussions on tariffs and other issues. Worries about trade hostilities between the top two global economies have roiled financial markets in recent months, underpinning some demand for haven gold. At the MCX, gold futures for June 2018 contract ended at Rs 31129 per 10 grams, up by 0.27 per cent, after opening at Rs 31,020 against a previous close of Rs 31,046. It touched the intra-day high of Rs 31,139.
