Gold marginally higher ahead of US jobs report
04/08/2017
Gold futures closed marginally higher in the domestic market on Thursday as investors awaited a read on the pace of inflation from the Friday jobs report. Investors will be looking for clues in Friday’s report for the likelihood of a follow-up U.S. interest-rate hike later this year. Although data have been solid, including a 17-year low for the jobless rate and strong corporate earnings, the economy has offered few signs of sustained inflation that might hasten the Federal Reserve’s plan to tighten monetary policy. At the MCX, gold futures for August 2017 contract ended at Rs 28480 per 10 grams, up by 0.15 per cent, after opening at Rs 28,383 against a previous close of Rs 28,437. It touched the intra-day high of Rs 28,499.
04/08/2017
Click Below
Gold futures closed marginally higher in the domestic market on Thursday as investors awaited a read on the pace of inflation from the Friday jobs report. Investors will be looking for clues in Friday’s report for the likelihood of a follow-up U.S. interest-rate hike later this year. Although data have been solid, including a 17-year low for the jobless rate and strong corporate earnings, the economy has offered few signs of sustained inflation that might hasten the Federal Reserve’s plan to tighten monetary policy. At the MCX, gold futures for August 2017 contract ended at Rs 28480 per 10 grams, up by 0.15 per cent, after opening at Rs 28,383 against a previous close of Rs 28,437. It touched the intra-day high of Rs 28,499.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
