Gold futures slide on weak global cues
08/02/2018
Gold futures slide on weak global cues
08/02/2018 12:37
Gold prices were down at futures trade on Thursday as speculators reduced exposure, driven by weak trend overseas.
Analysts said offloading of positions by participants in line with a weak trend where the precious metal fell to four- week lows on a firmer dollar amid expectations of more US interest rate hikes, mainly influenced gold prices at futures trade here.
At the MCX, gold futures for April 2018 contract is trading at Rs 29857 per 10 grams, down by 0.46 per cent, after opening at Rs 29950, against a previous close of Rs 29995. It touched the intra-day low of Rs 29808 (at 12:41 hours).
08/02/2018
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Gold futures slide on weak global cues
08/02/2018 12:37
Gold prices were down at futures trade on Thursday as speculators reduced exposure, driven by weak trend overseas.
Analysts said offloading of positions by participants in line with a weak trend where the precious metal fell to four- week lows on a firmer dollar amid expectations of more US interest rate hikes, mainly influenced gold prices at futures trade here.
At the MCX, gold futures for April 2018 contract is trading at Rs 29857 per 10 grams, down by 0.46 per cent, after opening at Rs 29950, against a previous close of Rs 29995. It touched the intra-day low of Rs 29808 (at 12:41 hours).
