Gold Rises As Markets Await US-China Meet

Gold futures closed higher in the domestic market on Tuesday as financial markets await a meeting later this week between President Donald Trump and Chinese President Xi Jinping.

Often viewed as a haven, gold also found a floor ahead of a highly anticipated employment report due Friday that could hold further clues for the pace of interest-rate hikes, especially in light of other recent softening data.

At the MCX, gold futures for April 2017 contract ended at Rs 28860 per 10 grams, up by 0.55 per cent, after opening at Rs 28,820 against a previous close of Rs 28,702. It touched the intra-day high of Rs 28,963.

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Suhani Verma

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