Gold Up on Weakness in Global Equities

Posted By: Religare
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Gold futures closed higher in the international market on Friday getting a lift from haven demand on the back of earlier weakness in global equities, a terrorist attack in Barcelona and concerns about President Donald Trump's pro-business agenda.

Gold Up on Weakness in Global Equities

Gold prices usually fall when interest rates go up, because the metal becomes less attractive compared with assets that offer yields. A weaker dollar tends to send metals, such as gold higher, because the commodity becomes cheaper for other currency holders to purchase.

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