GOLD FUTURES CONTRACT MARGINAL GAINS AHEAD OF U.S. ECONOMIC DATA.

GOLD FUTURES CONTRACT MARGINAL GAINS AHEAD OF U.S. ECONOMIC DATA.

Gold futures contract marginal gains ahead of U.S. economic data
Gold futures contract marginal gains on Wednesday, as investors assessed equities near record highs against signs that improvement in the U.S. job market has stalled.
Gold futures for February delivery climbed 0.1 percent to $1,199.30 an ounce on the Comex in New York.
At the Multi Commodity Exchange, February gold futures contract was trading at Rs 26,835 to marginally up by Rs 41, or 0.15 percent. Gold rate touched an intraday high of Rs 26,850 and an intraday low of Rs 26,792. So far 48 futures contracts have been enter into MCX trade.
KheloMcx Commodity Market analysts said, “Gold trades steady on futures market as traders await data on employment, consumer confidence and durable goods orders later on Wednesday looking for clues about the outlook for US monetary policy, but rather moves is muted when there physical demand provided support.”
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