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Gold buyers eye Trump's economic policy before taking positions

Globally, the metal has been a safe haven so far, due to Brexit, weaker Euro & rising crude prices

Dilip Kumar Jha  |  Mumbai 

gold, jewellery

Hedgers, investors and arbitrageurs are eyeing the upcoming economic policy of US President before taking positions in

Trading currently at $1,257 an oz in the London spot market, jumped by around 3 per cent over the last two weeks on stockists’ buying following a weakening of the  

A nearly 1.5 per cent appreciation in the rupee, however, reduced the impact on Indian consumers. Standard in India is trading at Rs 29,305 per 10 gm in

“In the near term, we see hitting $1,284 an oz. Trump is set to announce his economic policy next week, which will set a direction for Till then, will continue to find support from buyers,” said Gnanasekar Thiagarajan, director,

Gold price, Silver Price
April Comex futures closed at $1,251.40 on Friday, up 1.47 per cent. The US Federal Reserve’s minutes released on Wednesday indicated it might raise rates again fairly soon should jobs and inflation data come in line with expectations. However, the central bank hinted its decision to raise rates could be affected by Trump’s economic policy.

One crucial support for is prices, which have remained elevated this year following a cap by major producer countries. Normally, and bullion move in the same direction.

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Gold buyers eye Trump's economic policy before taking positions

Globally, the metal has been a safe haven so far, due to Brexit, weaker Euro & rising crude prices

Globally, the metal has been a safe haven so far, due to Brexit, weaker Euro & rising crude prices
Hedgers, investors and arbitrageurs are eyeing the upcoming economic policy of US President before taking positions in

Trading currently at $1,257 an oz in the London spot market, jumped by around 3 per cent over the last two weeks on stockists’ buying following a weakening of the  

A nearly 1.5 per cent appreciation in the rupee, however, reduced the impact on Indian consumers. Standard in India is trading at Rs 29,305 per 10 gm in

“In the near term, we see hitting $1,284 an oz. Trump is set to announce his economic policy next week, which will set a direction for Till then, will continue to find support from buyers,” said Gnanasekar Thiagarajan, director,

Gold price, Silver Price
April Comex futures closed at $1,251.40 on Friday, up 1.47 per cent. The US Federal Reserve’s minutes released on Wednesday indicated it might raise rates again fairly soon should jobs and inflation data come in line with expectations. However, the central bank hinted its decision to raise rates could be affected by Trump’s economic policy.

One crucial support for is prices, which have remained elevated this year following a cap by major producer countries. Normally, and bullion move in the same direction.
image
Business Standard
177 22

Gold buyers eye Trump's economic policy before taking positions

Globally, the metal has been a safe haven so far, due to Brexit, weaker Euro & rising crude prices

Hedgers, investors and arbitrageurs are eyeing the upcoming economic policy of US President before taking positions in

Trading currently at $1,257 an oz in the London spot market, jumped by around 3 per cent over the last two weeks on stockists’ buying following a weakening of the  

A nearly 1.5 per cent appreciation in the rupee, however, reduced the impact on Indian consumers. Standard in India is trading at Rs 29,305 per 10 gm in

“In the near term, we see hitting $1,284 an oz. Trump is set to announce his economic policy next week, which will set a direction for Till then, will continue to find support from buyers,” said Gnanasekar Thiagarajan, director,

Gold price, Silver Price
April Comex futures closed at $1,251.40 on Friday, up 1.47 per cent. The US Federal Reserve’s minutes released on Wednesday indicated it might raise rates again fairly soon should jobs and inflation data come in line with expectations. However, the central bank hinted its decision to raise rates could be affected by Trump’s economic policy.

One crucial support for is prices, which have remained elevated this year following a cap by major producer countries. Normally, and bullion move in the same direction.

image
Business Standard
177 22