Gold futures tad lower amid weak global cues

Posted By: Religare
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Gold futures tad lower amid weak global cues
Gold futures were trading with slim losses in the domestic market on Monday as investors and speculators stayed cautious ahead of booking fresh positions in the precious metal tracking a weak trend in the overseas market.

Investors are eying the US jobs data this week which may offer further cues over the health of the US job market and prompt the US Fed to continue tapering record stimulus.

Gold futures for June 2014 contract, at MCX, is trading at Rs. 26,844 per 10 grams, down by 0.07 per cent, after opening at Rs. 26,830, against the previous closing price of Rs 26,863. It touched an intra-day low of Rs 26,825. (At 11:10 AM).

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