Gold rises on trade dispute worries : 06/09/2018
Gold rises on trade dispute worries
06/09/2018 07:25
Gold futures closed higher in the domestic market on Wednesday as worries about trade negotiations and weakness in the dollar helped to boost the metal’s investment appeal. Worries about tariff disputes, notably between the U.S. and its longstanding Canadian counterparts and clashes between Washington and Beijing, with China tariffs set to kick in this week, have unsettled investors. The outlook for emerging-market economies also have fostered a recent spate of anxiety on Wall Street. At the MCX, gold futures for October 2018 contract ended at Rs 30318 per 10 grams, up by 0.46 per cent, after opening at Rs 30,219 against a previous close of Rs 30,178. It touched the intra-day high of Rs 30,437.
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Gold rises on trade dispute worries
06/09/2018 07:25
Gold futures closed higher in the domestic market on Wednesday as worries about trade negotiations and weakness in the dollar helped to boost the metal’s investment appeal. Worries about tariff disputes, notably between the U.S. and its longstanding Canadian counterparts and clashes between Washington and Beijing, with China tariffs set to kick in this week, have unsettled investors. The outlook for emerging-market economies also have fostered a recent spate of anxiety on Wall Street. At the MCX, gold futures for October 2018 contract ended at Rs 30318 per 10 grams, up by 0.46 per cent, after opening at Rs 30,219 against a previous close of Rs 30,178. It touched the intra-day high of Rs 30,437.
