Gold, Silver Prices Rise After Macron’s French Election Win

Gold, Silver Prices Rise After Macron's French Election Win

Gold and silver futures rose in early trade on Monday, up from a seven-week low touched last night by buying precious metals from investors, retailers and industries in the wake of Emmanuel Macaron, who won the French presidential election.

Comex gold futures tacked on around $6.50, or about 0.5%, to $1,233.30 a troy ounce.

At the MCX Gold was trading 0.14 per cent, or Rs 38, up at 28,110 in morning trade.

Meanwhile, spot gold was at $1,232.90.

Also on the Comex, silver futures rose 14.3 cents, or 0.9% to $16.41 a troy ounce.

At the MCX Silver was up 0.56 per cent, or Rs 214, at Rs 38,232 per 1 kg.

European Union (EU) President Emmanuel Macaron has won the European Union’s ultimatum for the resignation of French President Marin Le Pen in the second round of elections on Sunday.

With almost all the votes counted, the results showed that Macron had topped 66% versus just under 34% in Le Pen, resulting in a result most investors hoped for.

The victory of Macron indicates that political risks in France and across Europe are declining, following the popular increase that led to Britain’s exit from the European Union and pushed Donald Trump to the White House.

French elections have been overshadowed by the US jobs report on Friday, which showed that the economy added 211 000 jobs last month, surpassing expectations of a profit of 185 000, and the unemployment rate fell to 4.4 percent, the lowest level since 10 years.

The report also showed that the previous month’s figure of 98,000 people had been revised to less than 79,000.

SPDR Gold Trust holdings stood at 853.08 tonnes, remain unchanged from previous business day.

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 support@100mcxtips.com or Call: +91-761-4012307.

Mcx Free Tips

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: