MCX bullions Tips - Gold futures ended lower in the domestic market on Tuesday as investors favoured equities over safe haven assets after Greece and its creditors reached a deal on Monday. German Chancellor Angela Merkel, French President Franceois Hollande and Greek Prime minister Alexis Tsipras agreed a cash-for-reforms deal worth up to 86 billion euros over the next three years. The deal, unanimously backed by other eurozone leaders, needs an extensive over - all of the country’s tax and pension regime but has to be signed off by the Greek parliament as well as other countries. However, losses were limited after data showed that retail sales in the US fell unforeseen in June, while core sales also drop approximate, water desire over the strength of the economy and dimming prospects for higher interest rates. Investors await the start of Federal Reserve chair Janet Yellen's two-day testimony before Congress on Wednesday for further indications on the timing of a highly-anticipated interest rate hike. At the MCX, Gold futures for August 2015 contract ended at Rs 25,927 per 10 gram, down by 0.37 per cent after starting at Rs 26,025, opposed the previous closing price of Rs 26,024. It touched the intra-day low of Rs 25,908 till the closing.
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