Gold traded with mild gains in the futures market on Tuesday, taking support from improved demand by local jewellers at the spot market and rupee’s weakness against the US dollar.
United States dollar
Gold Rate Today: Gold in a Narrow Range on Muted Demand
Gold prices were little changed in futures trade on Friday amid tepid demand by jewellers at the spot market.
Gold Prices Steady; Big U.S. Nonfarm Payroll Data Awaited
Gold Silver Reports (GSR) – Gold prices were steady in early Asian trade on Friday, after rising about 1.5 percent in the previous session, while the dollar inched up ahead of the U.S. payrolls data due later in the day.
Gold Breaks Out of a Narrow Range, Multiple Indicators Signal Rally Ahead
Gold Silver Reports (GSR) – Previously, we did indicate that record short positions are written in COMEX in the $1,218-$1,220 range so any price movement above that zone will trigger short covering. We already witnessed short covering when gold jumped till $1,232 before retracing back to $1,220.