Gold down on rising US dollar
19/06/2018
Gold down on rising US dollar
19/06/2018 07:31
Gold futures closed lower in the domestic market on Monday as the benchmark U.S. dollar index briefly touched an 11-month peak, weighing on assets pegged to the monetary unit. Also, a rising rate environment tends to be bearish for gold which doesn’t offer a yield. At the MCX, gold futures for August 2018 contract ended at Rs 30982 per 10 grams, down by 0.09 per cent, after opening at Rs 30,975 against a previous close of Rs 31,010. It touched the intra-day low of Rs 30,929.
19/06/2018
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Gold down on rising US dollar
19/06/2018 07:31
Gold futures closed lower in the domestic market on Monday as the benchmark U.S. dollar index briefly touched an 11-month peak, weighing on assets pegged to the monetary unit. Also, a rising rate environment tends to be bearish for gold which doesn’t offer a yield. At the MCX, gold futures for August 2018 contract ended at Rs 30982 per 10 grams, down by 0.09 per cent, after opening at Rs 30,975 against a previous close of Rs 31,010. It touched the intra-day low of Rs 30,929.
