Gold rises on eurozone concerns
30/05/2018
Gold rises on eurozone concerns
30/05/2018 07:39
Gold futures closed higher in the domestic market on Tuesday finding some support from concerns tied to the eurozone. Although risk aversion has the ability to support gold in the short term, an appreciating dollar and expectations of higher U.S. 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 31188 per 10 grams, up by 0.73 per cent, after opening at Rs 31,050 against a previous close of Rs 30,963. It touched the intra-day high of Rs 31,325.
30/05/2018
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Gold rises on eurozone concerns
30/05/2018 07:39
Gold futures closed higher in the domestic market on Tuesday finding some support from concerns tied to the eurozone. Although risk aversion has the ability to support gold in the short term, an appreciating dollar and expectations of higher U.S. 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 31188 per 10 grams, up by 0.73 per cent, after opening at Rs 31,050 against a previous close of Rs 30,963. It touched the intra-day high of Rs 31,325.
