Gold Futures Prices Lower But Downside Seen Limited, Hawkish Central Banks Weigh

Gold Futures Prices Lower But Downside Seen Limited, Hawkish Central Banks Weigh

Prices of gold futures fell on Friday amid falling dollar and declining stocks, and is still low data optimistic economic growth in the previous session US, despite hawkish comments by many central banks have led gains in the dollar.

On the Comex Exchange, gold futures for August delivery eased 0.08% to $1,244.91.

Spot gold rose 0.1 per cent to $1,246.62 per ounce.

US gross domestic product (GDP) rose 1.4 percent in the first quarter, after adjusting for a 1.2 percent expansion, official data showed on Thursday. Analysts was expecting growth to remain stable from the previous review.

Raise the Fed’s interest rates earlier this month, leaving the door open for further increases later in the year, although the group of mixed economic data recently, investors have questioned whether the Fed will be able to stay on track tightening planned.

USD index, which tracks the dollar against a basket of currencies, the new hit its lowest level in nine months at 95.470 on Friday, Asian stocks and pulled down the weak markets in Europe and the United States.

The comments were top central banks including the European Central Bank President Mario Draghi, Governor of the Bank of England, Mark Carney, senior policy-makers in the Bank of Canada earlier this week indicated that quantitative easing is placed back in its box, and you will go interest rates above.

For Commodity Market TradingMCX Live Trade CallsGold-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: