Gold futures turned higher in trading submitted on Tuesday, but remained close to five and a half years low in a continuous medium pressured by expectations that the Federal Reserve was on track to raise interest rates this year. 292 more words
Tags » MCX
Prices of gold futures extended losses on Monday, the speculators keep burnishing gold, after data showed that US personal spending rose amid of market expectations in June, underscoring optimism about the health of the economy and support the case for a rise in interest rates this year. 357 more words
Gold futures gained for the first time in four days on Friday in the midst of broadly lower dollar after a separate report showed salaries and wages in the US increased in the second quarter to the slowest pace on record, weakening the case for the Federal Reserve to raise interest rates. 307 more words
Gold prices strives to futures trade below the level of $ 1,100 on Thursday after data showed economic growth of the United States picked up during the second quarter, supported in the case of higher interest rates to later this year, for the first time since 2006. 267 more words
Prices of gold futures traded near a low of 5-1/2 year on Tuesday as US equities surged and investors looked in advance to the monetary policy statement from the Fed to any fresh stated when it can start raising interest rates. 293 more words
The prices of gold soared above $ 1,100 level on Monday, because investors sought refuge from the heavy losses in global stock markets.
The CSI300 index tumbled 8.6 per cent to 3,818.73 points on Monday, while the Shanghai Composite Index lost 8.5 per cent to 3,725.56 points, the biggest one-day drop since February 2007 amid an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing’s efforts to stave off a deeper crash into doubt. 127 more words