Gold flat despite strengthening dollar on Tuesday morning

Gold futures closed flat in the domestic market on Tuesday as the commodity pared an earlier loss in the session, even as U.S. equities resumed their record run and the dollar strengthened.

Some market participants attributed gold’s improved trading level to recent polls that were showing far-right presidential candidate, Marine Le Pen, widening her lead ahead of France’s coming election.

At the MCX, gold futures for April 2017 contract ended at Rs 29303 per 10 grams, down by 0.00 per cent, after opening at Rs 29,202 against a previous close of Rs 29,303. It touched the intra-day low of Rs 29,075.

 

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Gold dips on strong US dollar in thr todays market

 

Gold futures closed lower in the domestic market on Wednesday as the Federal Reserve stood pat on interest rates, as expected, and offered few clues on the central bank’s next move.

Prices for the metal declined for the session as the dollar strengthened after healthy U.S. economic reports, including a better-than-expected snapshot of private-sector hiring, which some saw as lifting the odds of a series of interest-rate hikes from the Fed.

At the MCX, gold futures for February 2017 contract ended at Rs 28843 per 10 grams, down by 0.34 per cent, after opening at Rs 28,873 against a previous close of Rs 28,942. It touched the intra-day low of Rs 28,800.

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Gold up on weak US dollar in Todays Market

 

Gold futures closed higher in the domestic market on Friday as the dollar fell on disappointment that President-elect Donald Trump didn’t provide details on his economic plans at a closely watched news conference.

Gold is inversely influenced by moves in the dollar, as strength in the greenback makes assets priced in the currency, including most gold on the global markets, more expensive to buyers using other monetary units.

At the MCX, gold futures for February 2017 contract ended at Rs 28398 per 10 grams, up by 0.02 per cent, after opening at Rs 28,360 against a previous close of Rs 28,393. It touched the intra-day high of Rs 28,440.

 

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Gold closed higher in the domestic market on Monday

 

Gold futures closed higher in the domestic market on Monday as uncertainty surrounding the U.S. Federal Reserve’s pace of interest-rate hikes has helped weaken the dollar and drive down interest rates.

Higher interest rates can boost the dollar and make gold less competitive against interest-bearing investments.

At the MCX, gold futures for February 2017 contract ended at Rs 28065 per 10 grams, up by 0.64 per cent, after opening at Rs 27,915 against a previous close of Rs 27,887. It touched the intra-day high of Rs 28,080.

 

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Today Gold Ends slightly higher in Monday’s trade

 

Gold futures closed slightly higher in the domestic market on Monday recovering from sharper losses earlier in the session, as prospects for a rate increase later in the month by the Federal Reserve and the possibility that monetary policy might tighten at an accelerated pace in 2017 weighed on the metal.

The rise in gold came as concerns sparked by Italy’s referendum result, which would typically result in haven demand for the asset and other precious metals.

At the MCX, gold futures for December 2016 contract ended at Rs 28475 per 10 grams, up by 1.99 per cent, after opening at Rs 28,200 against a previous close of Rs 27,920. It touched the intra-day high of Rs 28,490.

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Today Gold Rises on US election likely outcome

Gold futures closed higher in the domestic market on Tuesday after a new poll showed that Enthusiasm for Hillary Clinton has ebbed since the renewal of the FBI’s email investigation ahead of the upcoming U.S. presidential election.

The market is also keeping an eye on the outcome of the Federal Reserve's two-day policy meeting, which begins on Tuesday. The U.S. central bank is not expected to raise interest rates, but could signal its intent to hike in December amid signs the economy is picking up steam.

At the MCX, gold futures for December 2016 contract ended at Rs 30295 per 10 grams, up by 1.15 per cent, after opening at Rs 30,000, against a previous close of Rs 29,950. It touched the intra-day high of Rs 30,314.

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Precious Metal Updates for 14 Oct 2016

 

Gold futures closed higher in the domestic market on Thursday as speculators enlarged positions amid a firm global trend.

Market analysts attributed rise in gold prices at futures trade to building up of fresh positions by participants, tracking positive global cues.

At the MCX, gold futures for December 2016 contract ended at Rs 29720 per 10 grams, up by 0.23 per cent, after opening at Rs 29,800, against a previous close of Rs 29,651. It touched the intra-day high of Rs 29,885.
 

Silver futures closed lower in the domestic market on Thursday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

At the MCX, silver futures for December 2016 contract closed at Rs 41,936 per kg, down by 0.27 per cent, after opening at Rs 42,300, against a previous close of Rs 42,051. It touched the intra-day low of Rs 41,851.

 

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Gold were trading with slim losses during morning trade

 

Gold futures were trading with slim losses during morning trade in the domestic market on Friday as investors and speculators stayed on the sidelines as the European Central Bank (ECB) played down the need for further monetary stimulus despite clear signs that the recovery in the 19-member Euro area economy may be faltering, curbing the lure for the yellow metal, a hedge against the inflationary risk of monetary stimulus.

The Frankfurt-based central bank on Thursday refrained from expanding its QE program while leaving key interest rates unchanged.

Investors are now weighing whether the Bank of Japan will announce fresh easing measures when it meets this month.

At the MCX, gold futures for October 2016 contract is trading at Rs 31,200 per 10 grams, down by 0.01 per cent, after opening at Rs 31,245, against a previous close of Rs 31,203. It touched the intra-day low of Rs 31,190. 

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Gold Down As dollar stabilizes in the Domestic market

 

Gold futures closed lower in the domestic market on Wednesday swinging between gains and losses as traders contrasted the commodity’s finish at a three-week high on Wednesday against the latest batch of economic data and its implications on the timing of future rate hikes. On Wednesday, the US dollar also stabilized and this discouraged further purchases of gold by investors. 

 

At the MCX, Gold futures for October 2016 contract closed at Rs 31,315, per 10 gram, down by 0.20 per cent after opening at Rs 31,440, against the previous closing price of Rs 31,378. It touched the intra-day low of Rs 31,250.

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Gold metal loses its shine ahead of Yellen speech in market

Gold futures were trading little changed during the morning trade in the domestic market on Thursday as investors and speculators cut down their positions in the precious metal amid a weakening global trend ahead of US Fed Chair Yellen’s speech later this week.

Further, the fall in prices for gold was in-line with a weak trend overseas as investors hope for clarity this week on the near-term path for interest rates, hurting demand for the precious metal as a safe-haven investment.

At the MCX, gold futures for October 2016 contract is trading at Rs 31,034 per 10 grams, down by 0.04 per cent, after opening at Rs 31,029, against a previous close of Rs 31,046. It touched the intra-day low of Rs 31,014 

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Gold Dips on strong Nonfarm-payrolls in the Domestic Market

 

Gold futures closed lower in the domestic market on Friday following a stronger-than-expected nonfarm-payrolls report that might provide the Federal Reserve evidence to lift benchmark interest rates sooner than later.

Stocks also vaulted up after the employment report was released, signaling fading demand for havens and a spike in risk appetite.

At the MCX, Gold futures for August 2016 contract closed at Rs 31,090, per 10 gram, down by 1.68 per cent after opening at Rs 31,600, against the previous closing price of Rs 31,620. It touched the intra-day low of Rs 30.674. 

 

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Bullion Metal Gold Down 0.07% on Dollar Strengthening

Gold futures were trading lower during the morning trade in the domestic market on Friday as the US dollar strengthened on rise in demand for the American currency from importers amid foreign fund outflows.

At the MCX, gold futures for August 2016 contract is trading at Rs 31,860 per 10 grams, down by 0.07 per cent, after opening at Rs 31,875, against a previous close of Rs 31,881. It touched the intra-day low of Rs 31,832 .

 

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Gold Shines Amid fading Rate Hike Expectation For Today

 

Gold futures closed higher in the domestic market on Monday amid fading expectations of a US Fed's rate hike in the next couple of months and as investors digested the political and economic aftermath of Brexit.

Further, market players ruled out further rate hikes by the Fed this year in the aftermath of Brexit. In fact, futures markets are now reflecting a chance that the Fed could actually cut interest rates before the end of the year.

At the MCX, Gold futures for August 2016 contract closed at Rs 31,746, per 10 grams, up by 0.90 per cent after opening at Rs 31,600, against the previous closing price of Rs 31,463. It touched the intra-day high of Rs 31,850. 

 

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Today Gold up Amid f ading Rate Hike Expectation In the market

 

Gold futures closed higher in the domestic market on Friday amid fading expectations of a Federal Reserve rate hike in the next couple of months and as investors continued to digest the political and economic aftermath of the U.K.’s decision to leave the European Union.

Market players all but ruled out further rate hikes by the Fed this year in the aftermath of Britain’s vote to leave the EU. In fact, futures markets are now reflecting a chance that the Fed could actually cut interest rates before the end of the year.

At the MCX, Gold futures for August 2016 contract closed at Rs 31475, per 10 gram, up by 0.88 per cent after opening at Rs 31,250, against the previous closing price of Rs 31,199. It touched the intra-day high of Rs 31,585. 

 

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Today Gold Down On Weak Overseas Trend

 

Gold futures closed lower in the Domestic Market on Thursday as participants tightened their positions, largely in step with a weak trend overseas.

Analysts said a weak trend in the overseas market, where gold declined on signs that policy makers will seek to minimize the impact on global growth from UK’s decision to leave the European Union, mainly weighed on the precious metal prices at the futures trade.

At the MCX, Gold futures for August 2016 contract closed at Rs 31210, per 10 gram, down by 0.34 per cent after opening at Rs 31,220, against the previous closing price of Rs 31,315. It touched the intra-day low of Rs 31,131. 

 

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At Today’s Market Gold Rises On Economic Uncertainty

Gold futures closed higher in the domestic market on Monday as investors rushed to buy the metal in the wake of the U.K.’s decision to exit from the European Union. Gold tends to rally in times of economic, market or political uncertainty because precious metals are considered a haven asset.

At the MCX, Gold futures for August 2016 contract closed at Rs 31562, per 10 gram, up by 0.51 per cent after opening at Rs 31,450, against the previous closing price of Rs 31,401. It touched the intra-day high of Rs 31,740. 

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Gold up on Economic Uncertainty in the Domestic Market

 

Gold futures closed marginally higher in the domestic market on Friday as trading remained volatile before Britain's June 23 referendum on its EU membership and amid fading expectations of a Federal Reserve rate hike in the next couple of months.
 

The Fed kept interest rates unchanged on Wednesday and dialed back forecasts for how fast it will raise rates over the next couple of years, citing concerns over the economic outlook.

At the MCX, Gold futures for August 2016 contract closed at Rs 30,615, per 10 gram, up by 0.03 per cent after opening at Rs 30,401, against the previous closing price of Rs 30,607. It touched the intra-day high of Rs 30,657.

 

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Gold Closed Higher in the Domestic Market on Tuesday .

 

Gold futures closed higher in the domestic market on Tuesday as investors sought the relative safety of haven assets ahead of next week’s “Brexit” referendum and a tandem of closely watched central-bank meetings.

Gold futures had struggled to find direction during the session, weaving between losses and gains, as the U.S. dollar strengthened before Wednesday’s decision on interest rates from the U.S. Federal Reserve.

At the MCX , Gold futures for August 2016 contract closed at Rs 30,569, per 10 gram, up by 0.56 per cent after opening at Rs 30,350, against the previous closing price of Rs 30,569. It touched the intra-day high of Rs 30,584 

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Today Gold Edges Higher on Brexit Referendum

 

Gold futures closed higher in the domestic market on Monday as investors sought safety in the precious metal, prompted by nervousness around the Brexit referendum, set for later this month, and a pair of high-profile central bank meetings later this week.

Investors all but ruled out a rate hike at the Fed’s June 14-15 meeting after U.S. employment data earlier this month showed the economy added just 38,000 jobs last month, the smallest increase since September 2010.

At the MCX, Gold futures for August 2016 contract closed at Rs 30,404, per 10 gram, up by 1.06 per cent after opening at Rs 30,094, against the previous closing price of Rs 30,084. It touched the intra-day high of Rs 30,474.

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Gold Updates - Gold Rises On Weak US job Data.

 

Gold futures closed higher during in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal as the possibility of an early US interest rate hike appeared to dim following dovish comments by Federal Reserve chair Janet Yellen earlier this week. The Fed which meets next week is highly unlikely to announce a rate hike given last week’s insipid jobs data. Meanwhile, a gauge of US consumer optimism slid to 48.2 for June from 48.7 in May, further raising calls for a delay in monetary tightening.

Overnight, gold rose sharply on Wednesday as the pace of hiring by U.S. employers in April decelerated to a two-year low in April, pushing the dollar down to fresh monthly lows and potentially lower the probability of a summer interest rate hike from the Federal Reserve.

At the MCX, Gold futures for August 2016 contract closed at Rs 29,657, per 10 gram, up by 0.99 per cent after opening at Rs 29,400, against the previous closing price of Rs 29,725. It touched the intra-day high of Rs 29,568. 

 

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