Gold, silver trade marginally higher ahead of US Federal policy meeting outcome
DSIJ Intelligence / 14 Jun 2017
On Wednesday,gold and silver were trading higher in the morning hours, ahead of the outcome of US Federal policy meeting later in the day.
On Wednesday,gold and silver were trading higher in the morning hours, ahead of the outcome of US Federal policy meeting later in the day.
MCX Gold of August series was trading higher by around 0.09% at Rs 28,970 and MCX Silver of July series was trading higher by around 0.45% at Rs 38,947 at around 1155 hours.
Bullions may trade volatile in the domestic market as the outcome of Federal Open Market Committee (FOMC) meeting and movement of the dollar will give further direction to prices, according to research agencies. The expectations are that the interest rates may be hiked by the US Federal Bank.