• NIFTY  
    11,456.90
    (-0.56%)
  • SENSEX  
    38,164.61
    ( -0.58%)
  • USDINR  
    68.54
    ( -0.25%)
  • GOLD  
    32,153.00
    ( 1.05%)
  • End Session Commentary - Detailed News

Gold Drags Lower On Rising Equities
25-Feb-19   18:13 Hrs IST
COMEX Gold futures eased today as rising risk appetite curbed the demand for safe haven assets. Chinese stocks record biggest single-day gains in more than three years after the US President Donald Trump said that substantial progress has been made in China trade talks. European markets are also up decently. The yellow metal has eased after testing around ten month high and currently trades at $1332 per ounce, down marginally on the day. MCX Gold futures are trading at Rs 33438 per 10 grams, down 0.24% on the day. Asian equities surged led by China while European markets have also seen a strong start to the proceedings. COMEX Gold futures hit around their ten month high near $1350 per ounce last week before easing. The yellow metal has gained impressively on upbeat near term price outlook and there is some speculation in the markets about the likely course of action on the interest rates in the US in near term.

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