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Gold Metal Ends in the Red on Fed caution in the Domestic Market

Discussion in 'Stock Market Discussions' started by Harish, Mar 29, 2016.

  1. Harish

    Harish New Member

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    Gold futures ended lower in the domestic market on Monday as investors remained jittery over the trajectory for US interest rates. Federal Reserve Bank of San Francisco President John Williams said that global economy was having a significant impact on measures that Fed officials gauge to determine interest rates. At the MCX, Gold futures for April 2016 contract closed at Rs 28,458 per 10 gram, down by 0.49 per cent after opening at Rs 28,525, against the previous closing price of Rs 28,599. It touched the intra-day low of Rs 28,270.

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