Gold futures shine on firm global cues 11/08/2017

Gold futures shine on firm global cues

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Gold futures settled higher in the domestic market on Thursday as tensions between the United States and North Korea escalated, which prompted investors to shift to safe heaven assets such as gold.
In a fresh war of words between the US and North Korea, President Trump warned the Hermit country that it would have to face fire and fury like the world has never seen, if it doesn’t cease its threatening posture, which includes a series of ballistic missile tests, says an Economic Times report.
At the MCX, gold futures for October 2017 contract ended at Rs 29180 per 10 grams, up by 1.16 per cent, after opening at Rs 28900 against a previous close of Rs 28844. It touched the intra-day high of Rs 29223.

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