Breaking News

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

05-May2018

Gold futures end modestly higher on Friday

Gold futures ended modestly higher on Friday as the US dollar weakened slightly due to softer-than-expected US job data. However, gains remained capped as the data was strong enough to support the case for more interest rate hikes. Rising interest rate makes gold less attractive to investors as it does not pay interest.

Gold futures for June delivery settled up by $2, or 0.2 percent, at $1,314.70 per ounce, on the Comex division of the New York Mercantile. While, spot gold was up by 0.2 percent to $1,314.23 per ounce.



Related News

View all news

Gold futures end lower with firm dollar

Gold futures ended lower on Tuesday, due to firm dollar after the Trump administration levied a 10% tariff on $200 billion in imported goods from China. Market players are on optimism that the impacts......

Gold futures end lower with firm dollar

Gold futures ended lower on Tuesday, due to firm dollar after the Trump administration levied a 10% tariff on $200 billion in imported goods from China. Market players are on optimism that the impacts......

Gold futures end higher on weak dollar

Gold futures ended higher on Monday, as dollar index slipped and on safe haven buying with the bubbled up trade threats between US and China. However, the upside was capped with the cautious outlook ahead......

Top News

View all news

TI Financial Holdings to make investment of up to Rs 50 crore

TI Financial Holdings has received an approval for the further investment in shares of Cholamandalam Investment and Finance Company (CIFCL) up to 300,000 equity shares Rs 10 each, up to a sum not exceeding......

Glenmark Pharma inducts into Dow Jones Sustainability Indices 2018

Glenmark Pharmaceuticals has been listed on the Dow Jones Sustainability Indices 2018. Dow Jones Sustainability Index (DJSI) is one of the most esteemed global benchmarks for sustainable business practices.......

Tata Steel completes acquisition of 51% equity stake in CPDPL

Tata Steel has completed the acquisition of 51% equity stake in Creative Port Development (CPDPL). Earlier, the company had executed definitive agreement for development of Subarnarekha Port &......