Gold Futures Prices Retreats, as PM’s Death Casts Doubt on Brexit Vote

Gold Futures Prices Retreats, as PM's Death Casts Doubt on Brexit Vote

US gold futures prices upwards in early trading on Friday after posting its biggest daily fall of more than three weeks in the previous session amid making heavy profits, as officials suspended Brexit campaign for the second day after the tragic death of Member of Parliament, hurling narrow tuning referendum next week in limbo.

On the Comex Exchange, Gold for August delivery traded in a broad range between $1,279.50 and $1,299.15 an ounce before settling at $1,293.45, down $4.95 or 0.39% on the session.

Spot gold was up 0.2 percent at $1,281.30 an ounce, which has risen 0.7 percent this week so far, fell one percent on Thursday to notch up its biggest one-day loss since May 24.

On Friday, a number of events ahead of referendum Brexit next week were canceled, as residents U.K. continued to mourn Jo Cox, a member of the Labour Party who was shot and stabbed to death in North Yorkshire a day earlier. Cox, who was elected to the House of Commons last year, that had campaigned openly for the “Stay” field in recent weeks. It was the first death of a member of Parliament in two decades. Out of respect for Cox, several public opinion polls and an International Monetary Fund were delayed until the weekend.

Voters in the UK seem to be evenly split on whether to back an outlet for the UK part of the European Union. While the “Stay”, held as far as 70-30 lead months ago, the campaign “out” vote has gone ahead in several polls featured this week. Still, the British bookmaker Betfair helped mitigate concerns of a Brexit reporting that approximately 65% of the bets he has handled have been the subject of “Stay” side.

The yen held at multi-year highs versus the Dollar and the EUR Friday morning, after having climbed across the board after the Bank of Japan refrained from adding new momentum while sterling organized a rebound in a choppy trading.

President of the Federal Reserve, Janet Yellen, will appear before the legislators in the House of Representatives on Wednesday to discuss monetary policy and the state of the economy, according to authorities.

In Delhi Gold falls by Rs 600 to Rs 29,650 per 10 grams at the bullion market on Friday.

For Commodity Market Tips, MCX Live Tips, Gold-Silver Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307

Best Mcx Tips Provider

Advertisements

100McxTips is an experienced Mcx Commodity Research Advisory to predict investors buying and trading trends at various market environments. For free trial advisory on commodity Gold, Silver, Crude, Copper and all Indian Commodities kindly visit us and submit an query form at 100mcxtips free trial tips here.

Posted in Commodity, MCX, Stocks Market

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Free Crude Oil Tips
Free Trial Crude Trading Tips
Contact & Visit Info
+91-761-4012307
M-Sat : 10am - 7pm
NG Trading Tips
Free Trial Commodity Tips
Disclaimer: 100McxTIps would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Bulloin Futures prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore 100McxTips doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
%d bloggers like this: