Gold Futures Were Trading Higher During Afternoon Trade

Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as the US dollar slid after President Trump said that the currency was too strong.

Moreover, rising tensions over US relations with Russia and North Korea, too lifted gold prices. At the MCX, gold futures for June 2017 contract is trading at Rs 29337 per 10 grams, up by 0.37 per cent.

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Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as the US dollar slid after President Trump said that the currency was too strong. - See more at: http://investmentguruindia.com/Commodities/Gold-glitters-on-weaker-greenback-political-worries#sthash.N3jPtSnN.dpuf