MCX Bullions Tips - Gold futures increase a reduce in the domestic market on Wednesday as robust US housing data signaled the improving health of the world’s biggest economy, bolstering the case for the US Federal Reserve to begin a lift-off in interest rates for the first time since 2006, curbing the lure for the bullion as a store of value.
MCX Bullions Tips - Sales of existing homes in the US surged to the highest level in eight years, up by 3.2 per cent to a 5.49 million annual pace in June 2015.
Gains in the dollar also limited Gold’s demand as an alternative asset. hard greenback makes Gold more costly for those belongings other currencies, thus fade nrrds.
A rout in other commodities including metals and oil has signaled lower global inflation, dampening gold’s appeal as an inflation hedge.
Further, a return to calm at global financial markets with Grexit safely averted and China’s stock markets bouncing back after a rout earlier this month has hit the bullion’s safe haven lure.
MCX Bullions Tips - Sales of existing homes in the US surged to the highest level in eight years, up by 3.2 per cent to a 5.49 million annual pace in June 2015.
Gains in the dollar also limited Gold’s demand as an alternative asset. hard greenback makes Gold more costly for those belongings other currencies, thus fade nrrds.
A rout in other commodities including metals and oil has signaled lower global inflation, dampening gold’s appeal as an inflation hedge.
Further, a return to calm at global financial markets with Grexit safely averted and China’s stock markets bouncing back after a rout earlier this month has hit the bullion’s safe haven lure.
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