Gold Flat Ahead of US Data Release

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts
    Gold Flat Ahead of US Data Release
    International spot gold eased on Wednesday after the optimism over the US economy. While, traders and speculators are cautious ahead of Swiss referendum on November 30.

    Traders await the release of US economic data including jobless claims, consumer spending, new home sales and durable goods orders to be released later today. The upcoming data will lead to further direction of the gold sentiment.

    Gold was subdued and eased around $1,197 an ounce. Markets are closed tomorrow on account of Thanksgiving holiday.

    The U.S. government on Tuesday upgraded its number on third quarter gross domestic product(GDP) to 3.9 per cent on Tuesday from 3.5 per cent reported last month.

    Gold futures for December 2014 contract, at MCX, is trading at Rs. 26,338 per 10 grams, marginally up by 0.05 per cent, after opening at Rs. 26,363, against the previous closing price of Rs 26,326. It touched an intra-day high of Rs 26,417.

    Read more about: gold mcx
    Story first published: Wednesday, November 26, 2014, 15:04 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    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