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Friday, 19 August 2016

Gold News Updates and MCX Market Tips

Gold fell for the first time in five sessions early on Friday as hawkish comments from US Federal Reserve officials renewed bets on a US rate hike this year.

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Spot gold was down 0.3 percent at USD1,348.26 an ounce at 0103 GMT.

* US gold dropped 0.3 percent to USD1,353.50 an ounce. 

* The index of the dollar against a basket of six major currencies was up about 0.2 percent at 94.296. 

* Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.19 percent to 955.99 tonnes on Thursday. 

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