MCX COMMODITY OPTIONS TIPS : Gold rises on cautious financial market 24/05/2017

Gold rises on cautious financial market 24/05/2017

Gold rises on cautious financial market
24/05/2017

Gold futures closed higher in the domestic market on Tuesday as financial markets were somewhat cautious following the incident in the north of England.
The precious-metals market will also look for clues on the timing for U.S. interest rate increases from the release Wednesday of minutes from the Federal Reserve’s early-May meeting.
At the MCX, gold futures for June 2017 contract ended at Rs 28818 per 10 grams, up by 0.11 per cent, after opening at Rs 28,850 against a previous close of Rs 28,785. It touched the intra-day high of Rs 28,935.

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