Market News for Gold futures that is
slided in the domestic market on Monday as investors and speculators closed positions in the precious metal as
safe haven desired for the bullion ebbed after Greece reached an accord with its international creditors to extend the country’s bailout, decreasing fears over an exit from the euro, cutting the desired for risk haven assets. Investors are also cautious ahead of the testimony of Federal Reserve Chairwoman Janet Yellen before the
Congress where she may offer some
cues over when the Fed plans
to increasing interest rates, also weighing on sentiment. Gold futures for April 2015 contract is trading at Rs 26,177/10 gram, downward by 0.38 % after opening at Rs 26,228, against the last ending price of Rs 26,277. It touched the intraday low-lying of Rs 26,168 till the ending.
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