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Yellow metal in reverse gear ahead of US Q3 GDP
28/10/2016 13:59
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Gold futures were trading lower during the afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal ahead of the US Q3 GDP data and its possible impact on US Fed monetary policy.
The US Federal Reserve officials have indicated that interest rates could rise in December if the economy remains on track.
At the MCX, gold futures for December 2016 contract is trading at Rs 29890 per 10 grams, down by 0.12 per cent, after opening at Rs 29989, against a previous close of Rs 29927. It touched the intra-day low of Rs 29885 (at 13:53 hours).
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White metal loses sheen
28/10/2016 14:06
Following gold, silver futures were trading lower during the afternoon trade in the domestic market on Friday as participants trimmed their bets in the precious metal ahead of the US Q3 GDP data and its possible impact on US Fed monetary policy.
Further, analysts attributed the fall in silver prices at futures trade to a weak trend in the precious metal overseas as the US Federal Reserve officials have indicated that interest rates could be raised in December if the economy remains on track.
At the MCX, silver futures for December 2016 contract is trading at Rs 42118 per kg, down by 0.25 per cent, after opening at Rs 42238, against a previous close of Rs 42222. It touched the intra-day low of Rs 42110 (at 13:53 hours).
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Yellow metal in reverse gear ahead of US Q3 GDP
28/10/2016 13:59
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold futures were trading lower during the afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal ahead of the US Q3 GDP data and its possible impact on US Fed monetary policy.
The US Federal Reserve officials have indicated that interest rates could rise in December if the economy remains on track.
At the MCX, gold futures for December 2016 contract is trading at Rs 29890 per 10 grams, down by 0.12 per cent, after opening at Rs 29989, against a previous close of Rs 29927. It touched the intra-day low of Rs 29885 (at 13:53 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
White metal loses sheen
28/10/2016 14:06
Following gold, silver futures were trading lower during the afternoon trade in the domestic market on Friday as participants trimmed their bets in the precious metal ahead of the US Q3 GDP data and its possible impact on US Fed monetary policy.
Further, analysts attributed the fall in silver prices at futures trade to a weak trend in the precious metal overseas as the US Federal Reserve officials have indicated that interest rates could be raised in December if the economy remains on track.
At the MCX, silver futures for December 2016 contract is trading at Rs 42118 per kg, down by 0.25 per cent, after opening at Rs 42238, against a previous close of Rs 42222. It touched the intra-day low of Rs 42110 (at 13:53 hours).
