Gold Futures End Higher On Weaker Dollar - Commodity Market Tips

Gold futures ended higher on Thursday as the dollar slipped against a basket of major currencies and ushered in short-covering. Bullion was earlier pressured on proposed US tax reforms and strong economic data that supported the case for another US interest rate hike this year. Gold futures for December delivery gained $0.90, or 0.07 percent, to settle at $1,288.70 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.5 percent at $1,286.60 an ounce.

Read More At: - Equity Trading Tips

You May Also Like

0 comments

Note: only a member of this blog may post a comment.