Gold up on feeble US dollar

Posted By: Religare
Subscribe to GoodReturns

Gold futures closed higher in the international market on Tuesday as investors and speculators extended their positions in the precious metal as safe-haven demand increased on weaker US dollar after Fed kept interest rates steady.

Gold up on feeble US dollar

The metal has been benefiting from a retreat by the dollar, as a weaker buck makes dollar-denominated commodities less expensive for holders of other currencies.

Read more about: gold, us dollar
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'

Find IFSC