Gold futures rallies tracking global cues

Posted By:
Subscribe to GoodReturns

Gold futures rallies tracking global cues
Gold futures took a quick turnaround after trading low in morning due to various speculation over the US job claims data.

Traders globally are speculating that US may come out with weaker-than-expected job claims data, which in turn boosted the demand for the yellow metal as safe-haven investment.

At the Multi Commodity Exchange, gold for delivery in October touched an intraday high of Rs 27,560 per 10 grams and was trading the range of Rs 27,490 – Rs 27,496 per 10 grams around 1:10 pm IST.

Similarly, the metal for April contract delivery opened at Rs 28,208 per 10 grams and was trading in the range of Rs 28,301 – Rs 28,329 per 10 grams.

Investors and traders have kept their fingers crossed on data which is going to get released later in a day, the data which could move gold upside-down.

GoodReturns.in

Read more about: gold, speculation, mcx
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'