Gold dips on feeble global cues
19/01/2018
Gold dips on feeble global cues
19/01/2018 07:42
Gold futures closed lower in the domestic market on Thursday as traders grew wary on weak global cues after the precious metal’s rise to multi-month highs despite an overall rise in Treasury yields and a climb in key U.S. benchmark stock indexes to record levels. Meanwhile, the financial markets also looked to developments linked to a potential U.S. government shutdown this weekend, which may provide some safe-haven gains for gold. At the MCX, gold futures for February 2018 contract ended at Rs 29629 per 10 grams, down by 0.43 per cent, after opening at Rs 29,650 against a previous close of Rs 29,757. It touched the intra-day low of Rs 29,550.
19/01/2018
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Gold dips on feeble global cues
19/01/2018 07:42
Gold futures closed lower in the domestic market on Thursday as traders grew wary on weak global cues after the precious metal’s rise to multi-month highs despite an overall rise in Treasury yields and a climb in key U.S. benchmark stock indexes to record levels. Meanwhile, the financial markets also looked to developments linked to a potential U.S. government shutdown this weekend, which may provide some safe-haven gains for gold. At the MCX, gold futures for February 2018 contract ended at Rs 29629 per 10 grams, down by 0.43 per cent, after opening at Rs 29,650 against a previous close of Rs 29,757. It touched the intra-day low of Rs 29,550.
