Gold futures post slight rebound

Posted By: Religare
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Gold futures post slight rebound
Gold futures were trading with slim gains in the domestic market on Monday as investors and speculators booked fresh positions in the precious metal tracking positive global cues amid speculation that the recent drop in prices may lift the demand for the yellow metal in Asia.

However, caution ahead of key US economic data this week including the March payrolls data and the speech of Fed Chairman Janet Yellen which may offer further cues over the Fed's exit plan from QE curbed the gains in the precious metal.

Gold futures for April 2014 contract, at MCX, is trading at Rs. 28,423 per 10 grams, up by 0.15 per cent, after opening at Rs. 28,448, against the previous closing price of Rs 28,380. It touched an intra-day high of Rs 28,470. (At 11:35 AM).

Dion Global Solutions Ltd.

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