Monday, June 6, 2016

MCX Gold Tips: Gold rises on weak US job data
MCX Gold Tips: Gold futures were trading higher during the morning trade in the domestic market on Monday after May unemployment data showed that United State economy created the least number of jobs in almost six years. The Fed monetary policy and moves in the greenback will continue to be the main drivers of gold during the week . Investors, however, also will be looking closely at the latest United State economic data, overseas precious-metals demand and developments tied to the United Kingdom’s potential exit from the European Union to help gauge demand, and prices, for gold. At the MCX, Gold futures for August 2016 contract is trading at Rs 29,426 per 10 gram, up by 0.13 per cent after opening at Rs 29,370, against the previous closing price of Rs 29,387. It touched the intra-day high of Rs 29,455.