Gold dips on rising dollar
20/02/2018
Gold dips on rising dollar
20/02/2018 07:24
Gold futures closed lower in the domestic market on Monday as a steadier dollar weighed on the metal, and as the Presidents Day holiday in the U.S. gave many traders the session off. A weaker buck can boost commodities priced in dollars, because it makes them cheaper to buy for holders of other currencies. Analysts were continuing to track developments tied to Friday’s indictment of 13 Russians for violating U.S. laws to interfere with the 2016 elections. Geopolitical worries often can send investors toward gold and other investments that are viewed as havens. At the MCX, gold futures for April 2018 contract ended at Rs 30748 per 10 grams, down by 0.22 per cent, after opening at Rs 30,763 against a previous close of Rs 30,816. It touched the intra-day low of Rs 30,725.
20/02/2018
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Gold dips on rising dollar
20/02/2018 07:24
Gold futures closed lower in the domestic market on Monday as a steadier dollar weighed on the metal, and as the Presidents Day holiday in the U.S. gave many traders the session off. A weaker buck can boost commodities priced in dollars, because it makes them cheaper to buy for holders of other currencies. Analysts were continuing to track developments tied to Friday’s indictment of 13 Russians for violating U.S. laws to interfere with the 2016 elections. Geopolitical worries often can send investors toward gold and other investments that are viewed as havens. At the MCX, gold futures for April 2018 contract ended at Rs 30748 per 10 grams, down by 0.22 per cent, after opening at Rs 30,763 against a previous close of Rs 30,816. It touched the intra-day low of Rs 30,725.
