Gold rises on tepid US job data
04/09/2017
Gold futures closed higher in the domestic market on Friday after a closely watched snapshot of the U.S. job market revealed tepid late-summer hiring and almost no paycheck growth.The report keeps alive the close debate over whether the Federal Reserve has a green light to raise interest rates again this year given still-concerning low inflation readings, including within wage data.At the MCX, gold futures for October 2017 contract ended at Rs 29822 per 10 grams, up by 0.26 per cent, after opening at Rs 29,735 against a previous close of Rs 29,745. It touched the intra-day high of Rs 29,880.
04/09/2017
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Gold futures closed higher in the domestic market on Friday after a closely watched snapshot of the U.S. job market revealed tepid late-summer hiring and almost no paycheck growth.The report keeps alive the close debate over whether the Federal Reserve has a green light to raise interest rates again this year given still-concerning low inflation readings, including within wage data.At the MCX, gold futures for October 2017 contract ended at Rs 29822 per 10 grams, up by 0.26 per cent, after opening at Rs 29,735 against a previous close of Rs 29,745. It touched the intra-day high of Rs 29,880.
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