CAPITALSTARS MCX COMMODITY GOLD NEWS UPDATE : : 25 SEPTEMBER 2019
Precious Metals Preview: Gold Hits Near Three Week High
COMEX Gold futures jumped sharply on rising geopolitical
worries US President called on other nations to join the United States to apply
pressure on Iran after attacks on Saudi oil facilities. Trump's aggressive
rhetoric pushed up the metal to a three month high above $1540 per ounce. The
metal currently trades at $1537 per ounce, down 0.20% on the day. MCX Gold
futures closed at Rs 38128 per 10 grams, up 0.54% on the day. Gold has soared
after breaking above $1500 per ounce on global growth concerns and good fund
buying. Trade concerns remain a key worry. U.S. President Donald Trump
reiterated complaints about China's trade practices just weeks before
negotiators from both sides are due to meet in Washington.
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