Breaking News

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

16-Feb2018

Gold futures end slightly lower on Thursday

Gold futures ended slightly lower on Thursday, retreating from the highest finish in nearly three weeks, taking cues from a rally in stocks. Moreover, expectations that the US Federal Reserve will raise interest rates to fight inflation make gold less attractive since it is not interest-yielding.

Gold futures for April delivery ended lower by 2.70, or 0.2 percent, at $1,355.30 per ounce on the Comex division of the New York Mercantile. While, spot gold up by 0.2 percent at $1,352.81 per ounce



Related News

View all news

Gold futures settle lower on robust US economic data

Gold futures settled lower on Friday, marking over one weak low rate, as dollar bounced with the release of robust US economic data. The dollar index registered a 19-month high rate. Moreover, the yellow......

Gold futures end lower as dollar straightens

Gold futures ended lower on Thursday, marking one week lower level as the dollar gained momentum against its peers. Moreover, increased risk appetite among investors with the positive trend in global stocks......

Gold futures end higher as dollar slides

Gold futures ended higher on Wednesday, with weaker dollar amid report that US consumer prices were unchanged in November, supporting the view that underlying inflation remained firm. Moreover, dimmed......

Top News

View all news

Wipro enters into strategic partnership with Saxo Bank

Wipro and Saxo Bank Group, a leading multi asset trading, have entered into strategic partnership. Saxo Bank has chosen Topcoder, a Wipro company and the world's largest talent network and crowdsourcing......

Wipro features as leader in Everest Group's PEAK Matrix Assessment 2019

Wipro has been positioned as a leader in Everest Group's recent report on Application Services in Capital Markets - Services PEAK Matrix Assessment 2019: Data, Cloud and Platform Investments to Fuel Innovation......

Datamatics Global Services gets nod to merge Lumina Datamatics

Datamatics Global Services (DGSL) and Lumina Datamatics (Lumina) have received approval to merge the two companies into DGSL. The merged Company would then be vertically split into two companies, namely,......