Breaking News

You are here » Indian-Commodity  :  Commodities  :  Gold, Silver & Bullion  :  Gold futures slides over U.S fiscal crisis


Gold futures slides over U.S fiscal crisis

Gold futures down by $1,700 an ounce for a third week on Friday, hampered by thin holiday season trading and uncertainties over stalled U.S. budget negotiations.

Gold futures for February delivery settled at $1,697 an ounce, on the New York Mercantile Exchange. While spot gold was at $1,696.11 an ounce.

Related News

View all news

Gold futures decline on Wednesday

Gold futures declined on Wednesday on getting some upbeat economic news from US, where manufactured durable goods orders rose more than expected in July. Gold prices weakened further with strengthening......

Gold futures decline after China's interest rate cut to stabilize economy

Gold futures declined on Tuesday after an interest rate cut from China helped stabilize global markets and bolster the US dollar, prompting prices to log a decline for a second straight session. Further,......

Gold futures trade lower on Monday

Gold futures traded lower on Monday following a slump in other metals, tracking the massive declines in global equity markets, centered on another collapse in Chinese equities with bloodbath on Wall Street.......

Top News

View all news

RBI governor finally buzzes to the demand, hints at rate cut

Reserve Bank of India (RBI) Governor Raghuram Rajan finally hinting for a rate cut has said that inflation has come down to the comfort zone quicker than expected and he is keeping a watch on......

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......

Monsoon uncertainty still a risk for inflation: RBI

RBI in its Annual Report for 2014-15  has said that uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for......