Home Commodities News Gold prices are expected to trade lower today: Angel Commodities

Gold prices are expected to trade lower today: Angel Commodities

2 min read
0
5

Angel Commodities’ report on Gold

On Wednesday, spot gold prices rose 0.3 percent to close at $ 1299.3 per ounce as weakness in the DX ahed of FOMC state men t buoyed the yellow metal. Earlier this week, the dollar strengthened following a positive U.S. – North Korea summit, with markets now waiting for a likely interest rate hike by the U.S. Federal Reserve. The dollar hit a three – week high against the yen on Tuesday and Asian shares gained as U.S. President Donald Trump and North Korean leader Kim Jong Un signed a “comprehensive” deal at a historic summit aimed at the denuclearisation of the Korean peninsula. MCX gold prices declined marginally to close at Rs.31143/10gms on Wednesday.

Outlook
Gold prices are likely to trade lower after the widely expected rate hike announcement by the Federal Reserve amidst strong inflation and jobs numbers. On the MCX, gold prices are expected to trade lower today, international markets are trading marginally lower at $ 1298.3 per ounce.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


Let’s block ads! (Why?)


Source link

Load More Related Articles
Load More By admin
Load More In Commodities News

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Money & Me: 'I set up my first online venture at 14 to earn pocket money'

Sarah Jones realised she had a knack for making money at the age of 14, when she started s…