Gold Rises On Trump Uncertainty

Gold futures closed higher in the domestic market on Monday with uncertainty ahead of President Donald Trump’s address to Congress Tuesday evening helping to boost the metal’s appeal as a haven investment.

Prices for the shiny yellow commodity logged their highest finish in more than 3½ months Monday after notching a fourth-straight weekly gain.

At the MCX, gold futures for April 2017 contract ended at Rs 29690 per 10 grams, up by 0.23 per cent, after opening at Rs 29,587 against a previous close of Rs 29,623. It touched the intra-day high of Rs 29,785.

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Suhani Verma

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