Precious Metals
Gold futures were trading on a flat note in the domestic market on Tuesday as investors and speculators stayed cautious over booking fresh positions in the precious metal tracking a subdued trend in the overseas market amid rising speculation that the US Federal Reserve may begin monetary tightening in the coming months as the US economy improves, dimming the appeal of the bullion as a store of value. Federal Reserve Bank of Dallas President Richard Fisher said that he isn’t concerned over inflation, raising bets of monetary tightening in the US in the coming months Gold futures for December 2014 contract, at MCX, is trading at Rs. 26,490 per 10 grams, up by 0.04 per cent, after opening at Rs. 26,492, against the previous closing price of Rs 26,480. It touched an intra-day high of Rs 26,533. (At 11:24 AM).
D A I L Y B U Z Z
GOLDGold futures were trading on a flat note in the domestic market on Tuesday as investors and speculators stayed cautious over booking fresh positions in the precious metal tracking a subdued trend in the overseas market amid rising speculation that the US Federal Reserve may begin monetary tightening in the coming months as the US economy improves, dimming the appeal of the bullion as a store of value. Federal Reserve Bank of Dallas President Richard Fisher said that he isn’t concerned over inflation, raising bets of monetary tightening in the US in the coming months Gold futures for December 2014 contract, at MCX, is trading at Rs. 26,490 per 10 grams, up by 0.04 per cent, after opening at Rs. 26,492, against the previous closing price of Rs 26,480. It touched an intra-day high of Rs 26,533. (At 11:24 AM).
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