Gold dips as investors await US inflation report
13/03/2018
Gold dips as investors await US inflation report
13/03/2018 07:39
Gold futures closed lower in the domestic market on Monday as investors await U.S. consumer-price index data due Tuesday for the latest clue on the pace of Federal Reserve interest-rate hikes. Global risk-on sentiment including some gains in the U.S. stock market in early Monday trading, seen after Friday’s U.S. jobs report contributed to losses for the yellow metal. At the MCX, gold futures for April 2018 contract ended at Rs 30322 per 10 grams, down by 0.26 per cent, after opening at Rs 30,403 against a previous close of Rs 30,401. It touched the intra-day low of Rs 30,267.
13/03/2018
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Gold dips as investors await US inflation report
13/03/2018 07:39
Gold futures closed lower in the domestic market on Monday as investors await U.S. consumer-price index data due Tuesday for the latest clue on the pace of Federal Reserve interest-rate hikes. Global risk-on sentiment including some gains in the U.S. stock market in early Monday trading, seen after Friday’s U.S. jobs report contributed to losses for the yellow metal. At the MCX, gold futures for April 2018 contract ended at Rs 30322 per 10 grams, down by 0.26 per cent, after opening at Rs 30,403 against a previous close of Rs 30,401. It touched the intra-day low of Rs 30,267.