Gold down on rising US ISM index
05/10/2017
Gold futures closed lower in the domestic market on Wednesday as a monthly climb in the U.S. ISM services index to its highest level since mid-2005 raised fed expectations for another Federal Reserve interest-rate increase this year.A firm U.S. economy despite the hurricanes implies that there will be interest-rates hikes by the Federal Reserve even after December. At the MCX, gold futures for October 2017 contract ended at Rs 29365 per 10 grams, down by 0.65 per cent, after opening at Rs 29,500 against a previous close of Rs 29,557. It touched the intra-day low of Rs 29,300.
05/10/2017
CLICK HERE
Gold futures closed lower in the domestic market on Wednesday as a monthly climb in the U.S. ISM services index to its highest level since mid-2005 raised fed expectations for another Federal Reserve interest-rate increase this year.A firm U.S. economy despite the hurricanes implies that there will be interest-rates hikes by the Federal Reserve even after December. At the MCX, gold futures for October 2017 contract ended at Rs 29365 per 10 grams, down by 0.65 per cent, after opening at Rs 29,500 against a previous close of Rs 29,557. It touched the intra-day low of Rs 29,300.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
