Global gold prices slide on easing trade tensions

MCX Gold Oct-4 expiry is currently flat at Rs37,772/10gms.

Aug 14, 2019 06:08 IST India Infoline News Service

Gold prices fell as equities rose amid easing trade tensions between the US and China.

Gold slid as much as 2% on Tuesday, breaking below the key $1,500 support level, after the US said that it would delay tariffs on some Chinese products and on news that both sides agreed to continue trade talks.

Gold prices inched up on Wednesday owing to ongoing political turmoil in Hong Kong and Argentina, even though the US decision to delay tariffs on some Chinese goods boosted equities.

MCX Gold Oct-4 expiry is currently flat at Rs37,772/10gms.

The Indian rupee was trading higher by 46 paise at 70.94 per dollar on Wednesday against previous close 71.40.





Related Story