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Home >> Market >> News >> News Details

Commodity Futures - Pre-session commentary
11-Jan-2019     09:01

Precious Metals Preview: COMEX Gold Sees Sideways Action

COMEX Gold futures stayed largely supported after testing near $1300 per ounce. The rally in risky assets paused as sentiments turned lax yesterday. The attention shifted from the China-US trade talks to the recent array of weak economic releases around the globe. The yellow metal currently trades at $1291.55 per ounce, up 0.30% on the day. The MCX Gold futures closed at Rs 31880 per 10 grams, down marginally on the day. The local futures stayed capped as the Indian Rupee managed to hold ground against the US dollar. The dollar index fell to two and half month low after the minutes of US Fed's latest policy meeting showed the policymakers may slow the pace of rate hikes to prevent a slowdown in the economy.

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