Gold glitters ahead of Trump, Xi meet
07/04/2017
Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal on surging safe-haven demand on weaker demand as caution prevailed ahead of a meeting between the US President Donald Trump and Chinese President Xi Jinping. Furthermore, appetite for risky assets like - equities waned on the back of US Federal Reserve’s hawkish tone, thus supported gold prices. At the MCX, gold futures for June 2017 contract is trading at Rs 28908 per 10 grams, up by 0.36 per cent, after opening at Rs 28935, against a previous close of Rs 28805. It touched the intra-day high of Rs 28950 (at 14:35 hours).
07/04/2017
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Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal on surging safe-haven demand on weaker demand as caution prevailed ahead of a meeting between the US President Donald Trump and Chinese President Xi Jinping. Furthermore, appetite for risky assets like - equities waned on the back of US Federal Reserve’s hawkish tone, thus supported gold prices. At the MCX, gold futures for June 2017 contract is trading at Rs 28908 per 10 grams, up by 0.36 per cent, after opening at Rs 28935, against a previous close of Rs 28805. It touched the intra-day high of Rs 28950 (at 14:35 hours).
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
