Gold Up On Rising Geopolitical Tension

Gold futures closed higher in the domestic market on Wednesday amid growing tensions in Asia centered on North Korea’s recent missile tests and the Middle East, where the U.S. launched a pinprick airstrike in Syria late Thursday and has hinted at the potential for more actions, have investors on edge, a factor supportive to gold prices rising.
 
Gold prices also rose as investors grew jittery over the impending French presidential election as well as U.S. relations with Russia and North Korea. 

At the MCX, gold futures for June 2017 contract ended at Rs 29215 per 10 grams, up by 0.08 per cent, after opening at Rs 29,216 against a previous close of Rs 29,193. It touched the intra-day high of Rs 29,297.

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Suhani Verma

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