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Gold futures rise to Rs 28,181 on firm global cues

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Gold futures rise to Rs 28,181 on firm global cues

Gold futures rise to Rs 28,181 on firm global cues*/

– Continuing its rising streak for the third straight day, gold prices advanced by 0.13 per cent to Rs 28,181 per 10 grams at the futures trade today as traders engaged in enlarging in their positions, tracking a firm trend overseas.At the Multi Commodity Exchange, gold for delivery in February rose Rs 37 or 0.13 per cent to Rs 28,181 per 10 grams in a business turnover of 105 lots.Likewise, the metal for delivery in far-month April was trading higher by Rs 34 or 0.12 per cent at Rs 28,182 per 10 grams in two lots.
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Gold futures rise slightly as U.S. equities weakens

Gold futures rise slightly as U.S. equities weakens*/

– Gold futures on the COMEX division of the New York Mercantile Exchange rose on Tuesday as U.S. equities weakened.The most active gold contract for February delivery rose 0.6 U.S. dollars, or 0.05 percent, to settle at 1,185.50 dollars per ounce.The precious metal was given support as the U.S. Dow Jones Industrial Average fell by 11 points, or 0.06 percent, as of 1845 GMT.
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Gold futures pare gains, but still finish at a 6-week high

Gold futures pare gains, but still finish at a 6-week high*/

– Gold futures pared much of their earlier gains on Tuesday as the U.S. dollar strengthened, but uncertainty surrounding the Federal Reserve’s pace of interest-rate hikes and President-elect Donald Trump’s press conference helped lift the metal to a six-week settlement high.February gold GCG7, +0.45% tacked on 60 cents, or less than 0.1%, to settle at $1,185.50 an ounce.Read the full story: Gold pares gains, but still marks 6-week high
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