Gold Futures Prices Near 1-Month High on Political, Economic Uncertainty; Dollar Bounce

Gold Futures Prices Near 1-Month High on Political

Gold futures prices traded flat on Tuesday, but remained near one-month highs, despite upbeat economic data and supported by political and economic uncertainty as US investors await to see if president Donald Trump will be able to enact promised tax cuts.

Gold for April delivery on the Comex division of the New York traded roughly flat at $1,255.65 a troy ounce.

Spot gold prices in the Indian market was around Rs 29,010 per 10 gm in the afternoon trade.

Gold prices have retreated from a rebound in the dollar, as turmoil over Trump’s ability to pay through its pro-growth economic agenda has given investors a reason to seek shelter in the safe haven yellow metal.

The yellow metal continued to hold steady, although consumer confidence rose to its highest level in almost 17 years, after the consumer confidence index of the Consumer Council was 125.6, well above expectations for 114 printing.

Meanwhile, Federal Reserve officials’ comments on rising interest rates continued to rise as Chicago Federal Reserve Chairman Charles Evans and Federal Reserve Bank of Dallas Chairman Robert Kaplan suggested on Monday that the US central bank should continue its tightening.

Holdings of New York’s SPDR Gold Trust GLD, rose 0.32% while New York’s iShares Silver Trust SLV remained unchanged.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market 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 or Call: +91-761-4012307.

Free Mcx Tips


MCX Commodity Tips is an experienced 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 commodity 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: Logo

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

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s

Free Crude Oil Tips
Free Trial Crude Trading Tips
Contact & Visit Info
M-Sat : 10am - 7pm

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

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: