Gold futures edged lower on Monday as the dollar edged higher against a basket of major currencies with rising tensions between the United States and North Korea seen as the key to the near-term outlook. Ahead this week, the Fed’s latest meeting will be in focus as investors look for more hints on the timing of the next US rate hike. A report on US retail sales will also be closely watched. Elsewhere, UK data on inflation and employment will be in the spotlight amid ongoing concerns over the economic fallout from Brexit.
INDIAN
Gold futures for December delivery fell 0.13 percent to $1,292.3 per ounce on the Comex division of the New York Mercantile Exchange. While, spot gold was down 0.2 percent at $1,286.10 per ounce.
Gold futures edged lower on Monday as the dollar edged higher against a basket of major currencies with rising tensions between the United States and North Korea seen as the key to the near-term outlook. Ahead this week, the Fed’s latest meeting will be in focus as investors look for more hints on the timing of the next US rate hike. A report on US retail sales will also be closely watched. Elsewhere, UK data on inflation and employment will be in the spotlight amid ongoing concerns over the economic fallout from Brexit.
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