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Indian-Commodity  :  Commodities  :  Gold, Silver & Bullion  :  Gold futures end higher on weaker dollar

Gold futures end higher on weaker dollar (20-Sep-2016)

Gold futures ended higher on Monday as the dollar weakened against a basket of major currencies. Though, some gains were capped ahead of a Federal Reserve monetary policy meeting decision from central banks in Japan and the US which meets on September 20-21, and also a rise in US government bond yields.

Gold futures for December delivery gained $7.60 or 0.6 percent to settle at $1,317.80 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was up 0.3 percent to $1,313.39 an ounce.

 


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