New Delhi, July 9 -- Gold and silver prices in your city on July 9: The price of gold has slipped in the domestic futures market today, due to a stable US Dollar (USD) and firming US bond yields. The drop was contained however by Donald Trump's looming tariffs, which keeps gold on the safe haven list.
The US president also made statements about 50 per cent tariff on imported copper, and soon-to-come tariffs on semiconductors and pharmaceuticals, which buoyed gold prices.
MCX Gold August 5 contracts traded 0.30 per cent lower at Rs.96,178 per 10 grams.
Overall, however, experts feel that gold and silver are safe haven bets that investors can make to safeguard their portfolios in these volatile markets and with increased risk aversion.
...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.