Gold down on upbeat US employment data
04/06/2018
Gold down on upbeat US employment data
04/06/2018 07:34
Gold futures closed lower in the domestic market on Friday as upbeat monthly U.S. employment data buoyed the dollar and suggested that the Federal Reserve remains on track to raise interest rates later this month and later this year.
Relative calm also returned to Italian politics, a move also seen helping to pave the way for U.S. action on rates.
At the MCX, gold futures for June 2018 contract ended at Rs 30545 per 10 grams, down by 0.93 per cent, after opening at Rs 30,704 against a previous close of Rs 30,831. It touched the intra-day low of Rs 30,500.
04/06/2018
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Gold down on upbeat US employment data
04/06/2018 07:34
Gold futures closed lower in the domestic market on Friday as upbeat monthly U.S. employment data buoyed the dollar and suggested that the Federal Reserve remains on track to raise interest rates later this month and later this year.
Relative calm also returned to Italian politics, a move also seen helping to pave the way for U.S. action on rates.
At the MCX, gold futures for June 2018 contract ended at Rs 30545 per 10 grams, down by 0.93 per cent, after opening at Rs 30,704 against a previous close of Rs 30,831. It touched the intra-day low of Rs 30,500.
