Gold Dips on Expected US Rate Hike

Posted By: Religare
Subscribe to GoodReturns

Gold futures closed lower in the domestic market on Thursday pressured by rising U.S. interest-rate hike expectations. Prices eased back after minutes from the Federal Reserve's May policy meeting appeared to show that the majority of the central bank's officials remain resolute about hiking rates at their meeting in June, which is widely expected.

Gold Dips on Expected US Rate Hike

At the MCX, gold futures for June 2017 contract ended at Rs 28644 per 10 grams, down by 0.24 per cent, after opening at Rs 28,750 against a previous close of Rs 28,713. It touched the intra-day low of Rs 28,630.

Read more about: gold, 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

Get Latest News alerts from Goodreturns