NEW DELHI: Gold prices climbed in futures trade on Tuesday, taking support from positive global sentiment, while softer rupee and a volatile equity market boosted the appeal of gold as a safe-haven asset.
In international markets, gold prices climbed to their highest in six years as the dollar weakened on prospects of monetary easing by the Federal Reserve while simmering US-Iran tensions drove investors towards the safe-haven bullion, Reuters reported.
Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.37 per cent on Monday, after posting their biggest percentage gain in nearly 11 years on Friday.
In international markets, gold prices climbed to their highest in six years as the dollar weakened on prospects of monetary easing by the Federal Reserve while simmering US-Iran tensions drove investors towards the safe-haven bullion, Reuters reported.
Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.37 per cent on Monday, after posting their biggest percentage gain in nearly 11 years on Friday.
Missed
Call@8817002233 Whatsapp@6262029208
Mail Us = starindiamarketresearch@gmail.com
No comments:
Post a Comment