Breaking News

You are here » Indian-Commodity  :  Commodities  :  Gold, Silver & Bullion  :  Gold futures end lower on Thursday

16-Sep2016

Gold futures end lower on Thursday

Gold futures ended lower on Thursday, as investors focused on the next set of U.S. data to see whether it supports expectations that the Federal Reserve will raise US interest rates before the end of the year. The Fed two-day policy meeting is scheduled to be held at September 20-21. Yellow metal prices further declined as the dollar strengthened against a basket of major currencies.

Gold futures for December delivery declined $8.10 or 0.6 percent to settle at $1,318 an ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was down 0.6 percent to $1,314.47 an ounce.


Related News

View all news

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Gold futures edge higher on MCX

Gold futures edged higher on MCX as trade talks between the United States and China hit a wall, raising doubts over whether the two countries would be able to reach a deal, thereby boosting demand for......

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......