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Gold futures rose as demand rose immediately for precious metals

2019-10-09 09:58 am | Resource: News | No Views : 32

 Gold futures rose as demand rose immediately for precious metals

Gold prices rose 0.39 per cent to 38,531 rupees per 10 grams in futures contracts on Wednesday as speculators expanded their bets on immediate demand. On the commodities exchange, gold prices rose amid uncertainty over trade negotiations between the world's two largest economies.

On Wednesday, the National Bank of Australia also raised its 2019 gold price forecast to $ 480 an ounce from $ 1.470 an ounce.

The Dow jumps over 100 points in pre-marketing

Wall Street's pre-market trading on Wednesday saw a slight rebound in stocks after yesterday's losses due to increased tensions between China and the United States. The two are scheduled to meet tomorrow in Washington, DC, for a new round of trade talks, however, the two sides have made a series of decisions over the past few days that may hinder discussions.

Later in the day, the market was awaiting the minutes of the Federal Reserve's last meeting in September, during which it decided to cut rates. Federal Reserve Chairman "Jerome Powell" Tuesday to open the central bank towards further rate cuts to avoid global economic risks, stressing that the bank will act "as appropriate."
  • The Dow rose 118 at 10:40 am and was stuck in Europe.
  • The S&P 500 gained 0.50%. At 10:40, I stopped and stood in Europe. .
  • The heavy Nasdaq 100 index jumped 0.61% at 10:41 am and the European Central ...

The euro rose 0.28% against the dollar at 4:41 am ET, where it bought 1.09865.

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