For Quick Alerts
For Daily Alerts

Gold futures little changed ahead of US jobless claims data

By Religare
Gold futures little changed ahead of US jobless claims data
Gold futures fell in the domestic market on Thursday as investors and speculators were cautious over booking fresh positions in the precious metal ahead of data that may show that US jobless claims fell last week, boosting the case for the US Federal Reserve to start tapering QE sooner than later, dimming the outlook for the bullion, which is a hedge against the inflationary risk of monetary stimulus.

US jobless claims probably fell to 340,000 last week from 358,000 in the prior week, according to analysts' estimates.

Gold futures for December 2013 contract, at MCX, were trading at Rs. 30,218 per 10 grams, up by 0.16 per cent after opening at Rs. 30,175, against the previous closing price of Rs 30,171. It touched an intra-day high of Rs 30,261. (At 11:53 AM).

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more