Gold On MCX Settled Up 1.08% At 31193 Amid Weaker Dollar As The Market Waited - Dollar Advisory | Best Commodity Tips Provider

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Friday 8 June 2018

Gold On MCX Settled Up 1.08% At 31193 Amid Weaker Dollar As The Market Waited

Gold on MCX settled up 1.08% at 31193 amid weaker dollar as the market waited for clues on the pace of U.S. interest rate increases from a meeting of the Federal Reserve next week.

Tensions over Korea have supported gold prices, increasing demand for an asset viewed as a safe place to invest in times of geopolitical uncertainty.

The labor market is considered to be close to or at full employment. Nonfarm payrolls increased by 223,000 jobs in May and the unemployment rate dropped to an 18-year low of 3.8 percent.

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