Gold and Silver Prices Fall on Weak International Signals; check trading strategies MCX gold, silver, COMEX
On Tuesday, gold prices traded flat to negative after international prices strengthened the dollar, and comments by US Federal Reserve Chairman Jerome Powell about the economy influenced the yellow metal’s appeal as a safe haven. MCX gold futures for June traded down 34 rupees to 47,285 rupees per 10 grams, up from the previous close at 47,319 rupees. Silver futures for July traded at Rs 70,738 per kg, down Rs 162 or 0.23 percent. In the previous session, silver futures ended at Rs 70,900 per kg. Globally, spot gold fell 0.2% to $ 1,789.02 an ounce. The metal peaked since February 25 at $ 1,797.75 on Monday. US gold futures fell 0.2% to $ 1,788.80 an ounce, according to Reuters.
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