Gold rises as dollar continues to slide
06/01/2017 08:31
Gold futures closed higher in the domestic market on Thursday as the dollar continued to slide after minutes from the Federal Reserve’s December meeting unsettled investors’ expectations about the pace of interest-rate rises. Investors appear to be pulling back on their hopes for a more aggressive pace of rate hikes after Fed policy makers pointed to a number of risks that, if realized, might call for a different path of policy than the currently expected. At the MCX, gold futures for February 2017 contract ended at Rs 27946 per 10 grams, up by 0.95 per cent, after opening at Rs 27,800 against a previous close of Rs 27,682. It touched the intra-day high of Rs 27,978.
06/01/2017 08:31
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