Gold slips after clocking gains for two straight sessions

The dollar index was firm after US manufacturing and services PMI numbers came in better than expected.

Sep 24, 2019 07:09 IST India Infoline News Service

Gold prices slipped in the futures trade on Tuesday after clocking gains for two straight sessions, even as the demand for safe-haven assets remained amid rising geopolitical tensions.

MCX October Gold futures traded down 0.17% at Rs37,861/10g.

Internationally, spot Gold touched $1,522/ounce.

The dollar index was firm after US manufacturing and services PMI numbers came in better than expected.

However, manufacturing data from Germany and Japan were disappointing, adding to a gloomy economic outlook.

Tensions in the Middle East remain elevated as some European countries came out in support of US' blame on Iran for the Saudi attacks. 

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