Gold up on weakness in US dollar
09/11/2017 07:421
Gold up on weakness in US dollar
09/11/2017 07:42
Gold futures closed higher in the domestic market on Wednesday as the U.S. dollar index took a break from multimonth highs.
Lower rates and a weaker dollar can lure buyers in gold, which doesn’t bear interest and is priced in the U.S. currency. Investors also focused on developments for tax reform as Senate Republicans work on their version of a bill after the House advanced their approach last week.
At the MCX, gold futures for December 2017 contract ended at Rs 29510 per 10 grams, up by 0.25 per cent, after opening at Rs 29,474 against a previous close of Rs 29,437. It touched the intra-day high of Rs 29,583.
09/11/2017 07:421
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Gold up on weakness in US dollar
09/11/2017 07:42
Gold futures closed higher in the domestic market on Wednesday as the U.S. dollar index took a break from multimonth highs.
Lower rates and a weaker dollar can lure buyers in gold, which doesn’t bear interest and is priced in the U.S. currency. Investors also focused on developments for tax reform as Senate Republicans work on their version of a bill after the House advanced their approach last week.
At the MCX, gold futures for December 2017 contract ended at Rs 29510 per 10 grams, up by 0.25 per cent, after opening at Rs 29,474 against a previous close of Rs 29,437. It touched the intra-day high of Rs 29,583.
