Gold Rises On Escalating Tension In US

Gold futures closed higher in the domestic market on Wednesday as investors favored haven plays on the heels of more upheaval in Washington, D.C. Action in metals trading comes against the backdrop of President Donald Trump’s dismissal late Tuesday of Federal Bureau of Investigation Director James Comey over what the White House said was his handling of the investigation into Hillary Clinton’s emails. At the MCX, gold futures for June 2017 contract ended at Rs 27989 per 10 grams, up by 0.06 per cent, after opening at Rs 28,086 against a previous close of Rs 27,971. It touched the intra-day high of Rs 28,145.

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Suhani Verma

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