Gold up despite rising dollar
08/05/2018
Gold up despite rising dollar
08/05/2018 07:43
Gold futures closed higher in the domestic market on Monday despite the dollar touching its highest level in months and financial markets reckon with a surge in oil prices and its possible impact on the Federal Reserve’s monetary-policy plans. Investors may continue to push riskier markets higher, driving down gold, after Friday’s mixed U.S. April jobs report somewhat cooled expectations for a steeper climb in official interest rates. At the MCX, gold futures for June 2018 contract ended at Rs 31273 per 10 grams, up by 0.51 per cent, after opening at Rs 31,150 against a previous close of Rs 31,114. It touched the intra-day high of Rs 31,310.
08/05/2018
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Gold up despite rising dollar
08/05/2018 07:43
Gold futures closed higher in the domestic market on Monday despite the dollar touching its highest level in months and financial markets reckon with a surge in oil prices and its possible impact on the Federal Reserve’s monetary-policy plans. Investors may continue to push riskier markets higher, driving down gold, after Friday’s mixed U.S. April jobs report somewhat cooled expectations for a steeper climb in official interest rates. At the MCX, gold futures for June 2018 contract ended at Rs 31273 per 10 grams, up by 0.51 per cent, after opening at Rs 31,150 against a previous close of Rs 31,114. It touched the intra-day high of Rs 31,310.
