Gold up on geopolitical tension
10/10/2017
Gold futures closed higher in the domestic market on Monday as the perceived haven asset appeared to get a boost from worries over a flare-up in tensions between the U.S. and North Korea. Investors were assessing comments sent by U.S. President Donald Trump via Twitter over the weekend, where he suggested that years of talks with North Korea over its nuclear buildup have proved futile. At the MCX, gold futures for December 2017 contract ended at Rs 29755 per 10 grams, up by 0.62 per cent, after opening at Rs 29,698 against a previous close of Rs 29,573. It touched the intra-day high of Rs 29,722.
10/10/2017
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Gold futures closed higher in the domestic market on Monday as the perceived haven asset appeared to get a boost from worries over a flare-up in tensions between the U.S. and North Korea. Investors were assessing comments sent by U.S. President Donald Trump via Twitter over the weekend, where he suggested that years of talks with North Korea over its nuclear buildup have proved futile. At the MCX, gold futures for December 2017 contract ended at Rs 29755 per 10 grams, up by 0.62 per cent, after opening at Rs 29,698 against a previous close of Rs 29,573. It touched the intra-day high of Rs 29,722.
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