Gold rises as dollar dips
26/07/2018
Gold rises as dollar dips
26/07/2018 07:43
Gold futures closed higher in the domestic market on Wednesday as the U.S. dollar edged lower. A stronger dollar can make commodities priced in the currency more expensive compared with those using other monetary units. And both gold and silver have been in the doldrums in recent weeks and months as the dollar has gained traction. Market participants also are watching the European Central Bank meeting on Thursday, which could influence the dollar, if the euro reacts after the eurozone’s central bank makes any market-moving statements. At the MCX, gold futures for August 2018 contract ended at Rs 29919 per 10 grams, up by 0.19 per cent, after opening at Rs 29,811 against a previous close of Rs 29,863. It touched the intra-day high of Rs 29,988.
26/07/2018
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Gold rises as dollar dips
26/07/2018 07:43
Gold futures closed higher in the domestic market on Wednesday as the U.S. dollar edged lower. A stronger dollar can make commodities priced in the currency more expensive compared with those using other monetary units. And both gold and silver have been in the doldrums in recent weeks and months as the dollar has gained traction. Market participants also are watching the European Central Bank meeting on Thursday, which could influence the dollar, if the euro reacts after the eurozone’s central bank makes any market-moving statements. At the MCX, gold futures for August 2018 contract ended at Rs 29919 per 10 grams, up by 0.19 per cent, after opening at Rs 29,811 against a previous close of Rs 29,863. It touched the intra-day high of Rs 29,988.
