Gold Up on Fed's Dovish Stance

Posted By: Religare
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Gold futures closed higher in the international market on Thursday as a Federal Reserve policy update that was read as mostly dovish by investors, helped to lift prices to their highest finish.

    Gold Up on Fed's Dovish Stance

    Higher rates tend to push the dollar higher, nicking gold prices, and cut demand for precious metals, which don't offer a yield.

    Because commodities tend to be traded in dollars, the relationship between commodities and the buck is usually inverse, as moves in the U.S. unit can influence appetite for those commodities from buyers using weaker currencies.

    Read more about: gold
    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