Gold On MCX Settled Up 0.12% At 29920 After U.S. President Donald Trump - Dollar Advisory | Best Commodity Tips Provider

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Monday 23 July 2018

Gold On MCX Settled Up 0.12% At 29920 After U.S. President Donald Trump


Gold on MCX settled up 0.12% at 29920 after U.S. President Donald Trump criticised the strength of the dollar and interest rate increases by the Federal Reserve, pushing the greenback sharply lower. 

Fed Chairman Jerome Powell did nothing to counter expectations of two more rate rises this year and said the United States was poised for several more years of growth. 

In other news, the European Union is expected to retaliate against the U.S. after the latter imposed tariffs on European steel and aluminum in June.

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