Gold flat as US dollar dips
22/11/2017
Gold flat as US dollar dips
22/11/2017 07:43
Gold futures closed flat in the domestic market on Tuesday as the U.S. dollar headed lower and investors looked to minutes due midweek from the Federal Reserve’s recent meeting for clues on plans for interest rates.
Some analysts are increasingly distinguishing the near-term supportive picture for haven metals—which has included German political uncertainty and continued rhetoric between the U.S. and North Korea—from underlying market currents.
At the MCX, gold futures for December 2017 contract ended at Rs 29342 per 10 grams, down by 0.10 per cent, after opening at Rs 29,408 against a previous close of Rs 29,370. It touched the intra-day low of Rs 29,276.
22/11/2017
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Gold flat as US dollar dips
22/11/2017 07:43
Gold futures closed flat in the domestic market on Tuesday as the U.S. dollar headed lower and investors looked to minutes due midweek from the Federal Reserve’s recent meeting for clues on plans for interest rates.
Some analysts are increasingly distinguishing the near-term supportive picture for haven metals—which has included German political uncertainty and continued rhetoric between the U.S. and North Korea—from underlying market currents.
At the MCX, gold futures for December 2017 contract ended at Rs 29342 per 10 grams, down by 0.10 per cent, after opening at Rs 29,408 against a previous close of Rs 29,370. It touched the intra-day low of Rs 29,276.
