Gold futures closed lower in the domestic
market on Thursday as investors anticipated clarity this week on the
near-term path for interest rates. Precious metals and the dollar have
vacillated amid shifting expectations about the U.S
Federal Reserve’s interest-rate policy, ahead of a closely watched
retreat in Jackson Hole, Wyo., where Fed Chairwoman Janet Yellen will
speak later today.
At the MCX, Gold futures for October 2016 contract closed at Rs 30,945,
per 10 gram, down by 0.33 per cent after opening at Rs 31,029, against
the previous closing price of Rs 31,046. It touched the intra-day low of
Rs 30,851.
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