Gold dips on strong US dollar
02/03/2017 08:35
Gold futures closed lower in the domestic market on Wednesday as strength in the dollar, a rally in U.S. equities and rising expectations for an interest-rate increase from the Federal Reserve combined to push prices for the metal to their lowest finish.
At the MCX, gold futures for April 2017 contract ended at Rs 29435 per 10 grams, down by 0.44 per cent, after opening at Rs 29,451 against a previous close of Rs 29,566. It touched the intra-day low of Rs 29,266.
02/03/2017 08:35
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9470940040
Gold futures closed lower in the domestic market on Wednesday as strength in the dollar, a rally in U.S. equities and rising expectations for an interest-rate increase from the Federal Reserve combined to push prices for the metal to their lowest finish.
At the MCX, gold futures for April 2017 contract ended at Rs 29435 per 10 grams, down by 0.44 per cent, after opening at Rs 29,451 against a previous close of Rs 29,566. It touched the intra-day low of Rs 29,266.
