According to Angel Commodities, on Thursday , spot gold prices fell 0.3 percent to close at $ 1345.2 per ounce as expectations that the US - North Korea summit would be successful eased safe haven demand.
Angel Commodities' report on Gold
On Thursday , spot gold prices fell 0.3 percent to close at $ 1345.2 per ounce as expectations that the US - North Korea summit would be successful eased safe haven demand. Earlier, prices rose to a one - week high on Wednesday boosted by weaker DX and global political tensions. The dollar index touched a three - week low of 89.229 on Tuesday before pulling back on stronger - than - expected March U.S. housing starts and steady industrial production figures. On the MCX, gold prices rose 0.2 percent to close at Rs. 31758 per 10 gms.
OutlookSpot gold prices are currently trading lower by 0.2 percent. We expect gold prices to trade lower today as optimistic comments made by Trump regarding US - North K o rea summit boosted global risk appetite. On the MCX, gold prices are expected to trade lower today.
For all commodities report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.