Gold futures tad lower ahead of US data
30/05/2014 17:57
Gold futures were trading tad lower in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the precious metal ahead of US consumer sentiment and consumer spending data which may offer further cues over the health of the world’s biggest economy. Further, easing fears over Ukraine also dimmed the demand for the precious metal as a safe haven asset. The Russian military has begun partial withdrawal of its troops from Ukraine’s eastern border, easing tensions between Ukraine and Russia. Gold futures for June 2014 contract, at MCX, is trading at Rs. 26,806 per 10 grams, down by 0.09 per cent, after opening at Rs. 26,816, against the previous closing price of Rs 26,830. It touched an intra-day low of Rs 26,736. (At 16:55 PM).
30/05/2014 17:57
Gold futures were trading tad lower in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the precious metal ahead of US consumer sentiment and consumer spending data which may offer further cues over the health of the world’s biggest economy. Further, easing fears over Ukraine also dimmed the demand for the precious metal as a safe haven asset. The Russian military has begun partial withdrawal of its troops from Ukraine’s eastern border, easing tensions between Ukraine and Russia. Gold futures for June 2014 contract, at MCX, is trading at Rs. 26,806 per 10 grams, down by 0.09 per cent, after opening at Rs. 26,816, against the previous closing price of Rs 26,830. It touched an intra-day low of Rs 26,736. (At 16:55 PM).
