Gold dips as investors await key political events 08/06/2017

Gold dips as investors await key political events
08/06/2017

Gold futures closed lower in the domestic market on Wednesday as investors eyed moves in the U.S. dollar and awaited the outcome of a bevy of potential market-moving events this week.On Thursday, the European Central Bank will make its announcement on monetary policy, the U.K. will hold a general election and former U.S. Federal Bureau of Investigation boss James Comey will offer testimony before a Senate panel, which is investigating Russian efforts to interfere in last year’s presidential race.At the MCX, gold futures for August 2017 contract ended at Rs 29417 per 10 grams, up by 0.51 per cent, after opening at Rs 29,524 against a previous close of Rs 29,567. It touched the intra-day low of Rs 29,388.
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