Gold Glitters On Weaker Greenback Political Worries

Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as the US dollar slid after President Trump said that the currency was too strong.
Moreover, rising tensions over US relations with Russia and North Korea, too lifted gold prices.
At the MCX, gold futures for June 2017 contract is trading at Rs 29337 per 10 grams, up by 0.37 per cent, after opening at Rs 29300, against a previous close of Rs 29229. It touched the intra-day high of Rs 29349.

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