Breaking News

You are here » Indian-Commodity  :  Commodities  :  Gold, Silver & Bullion  :  Gold futures end higher on weak dollar

11-May2018

Gold futures end higher on weak dollar

Gold futures ended higher on Thursday as dollar eased against a bucket of major currencies after the release of weaker-than-expected US inflation data. Moreover Trump's decision to withdraw the US from the Iran nuclear deal, also supported the precious metal. 

Gold futures for June delivery settled up $9.30, or 0.7 percent, at $1,322.30 per ounce, on the Comex division of the New York Mercantile. While, spot gold was up 0.6 percent at $1,320.53 per ounce.



Related News

View all news

Gold futures settle tad higher as dollar dips

Gold futures settled slightly higher on Monday, owing to an eased dollar index which fell followed by the comments by ECB President Mario Draghi on wage growth and vigorous inflation. But, upside remained......

Gold futures trade flat on Monday

Gold futures traded flat on Monday amid the firming dollar on reports that China has cancelled trade talks with the United States. Besides, investors are also eyeing this week's US Federal Reserve meeting......

Gold futures edge higher on MCX

Gold futures edged higher on MCX as speculators enlarged their holding even as a weak trend overseas amid a firming US dollar on news that China has cancelled the upcoming trade talks with the United States.The......

Top News

View all news

Onward Network Technologies increases stake in Onward Technologies

Onward Technologies' promoter Onward Network Technologies has purchased 32,000 equity shares of the company through open market purchase for an amount of Rs 22,84,730. The transaction was executed during......

TCS features as leader for Life Sciences R&D Strategic Consulting Services

Tata Consultancy Services (TCS) has been named a leader for the second consecutive time, in the IDC MarketScape for Worldwide Life Science R&D Strategic Consulting Services. The company has extensive......

Vakrangee enters into distribution agreement with Aditya Birla Housing Finance

Vakrangee has entered into a distribution agreement with Aditya Birla Housing Finance, which shall offer distribution of Home Loan and other related products through Nextgen Vakrangee Kendras. This tie-up......