MCX Gold futures spent much of Friday slightly lower, but bounced back to end in mildly positive territory on support from inflationary indications even as a higher dollar and lower oil capped buoyancy.
MCX Gold August closed near 12133 with gain of 25 from previous closing, market registered days low near 11983 and days high near 12159.
But the downside was also limited because many participants didn't want to go short over the weekend. Participants also booked some profits ahead of the weekend.
Gold futures finished modestly higher Friday, helped by inflationary indications even as a higher dollar and lower oil capped its buoyancy.
Support came from increasing consumer prices ,the U.S. consumer-price index increased 0.6% in May, the Labor Department said Friday. Wall Street has expected an increase of about 0.5%.
Regards,
Kamlesh Jogi
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