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Gold News - Gold Ended lower in the Domestic Market On Tuesday.

Discussion in 'Stock Market Discussions' started by Harish, Dec 23, 2015.

  1. Harish

    Harish New Member

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    Mcx Tips - Gold futures ended lower in the domestic market on Tuesday as investors and speculators exited positions in the precious metal tracking a weak trend in the overseas market as a surge in equities dimmed the luster for Gold as an alternative asset. Upbeat US GDP data which showed that consumer spending boosted economic growth amidst a slowdown overseas vindicated the US Federal Reserve’s decision to raise interest rates for the first time in almost a decade last week, curbing the lure for the precious metal as a store of value.
     
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