Gold Up on Weakness in Global Equities

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

    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.

    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