Mcx Bullion Tips - Gold futures yield to fair loss in late morning trade in the domestic market on Monday as traders stuck to a cautious stance ahead of key US economic data this week including the July non-farm payrolls numbers with another 200K plus employment growth number likely to raise calls for a rate hike by the Fed in the coming months, curbing the lure for the bullion as a store of value.
Mcx Bullion tips - Monday’s US economic numbers that are due include personal spending for July, ISM Manufacturing July PMI and June construction spending, all of which will act as important indicators of the health of the world’s biggest economy, helping the Fed to decide the timing of a maiden interest rate lift-off since 2006.
At the MCX, Gold futures for August 2015 contract is trading at Rs 24,805 per 10 gram, down by 0.03 per cent after opening at Rs 24,818, against the previous closing cost of Rs 24,813. It meet the intra-day low of Rs 24,771. (At 11:40 AM).
Mcx Bullion tips - Monday’s US economic numbers that are due include personal spending for July, ISM Manufacturing July PMI and June construction spending, all of which will act as important indicators of the health of the world’s biggest economy, helping the Fed to decide the timing of a maiden interest rate lift-off since 2006.
At the MCX, Gold futures for August 2015 contract is trading at Rs 24,805 per 10 gram, down by 0.03 per cent after opening at Rs 24,818, against the previous closing cost of Rs 24,813. It meet the intra-day low of Rs 24,771. (At 11:40 AM).
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