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As on Aug 14, 2018 12:00 AM Your results on : Pre Session    
Precious Metals Preview: Gold Smacked To 17 Month Low
14-Aug-2018 (09:53)

Safe haven buying did not help Gold at all as the metal fell to 17-month lows on Monday, following strength in US Treasuries and a stronger dollar as investors eyed a financial market rout triggered by a crashing Turkish lira. COMEX Gold crashed 1% to break under $1200 per ounce and currenly trade at $1201 per ounce, up marginally on the day. MCX Gold futures dropped too but a poor turn in Indian Rupee capped losses. The local Gold futures ended down 0.18% to Rs 29730 per 10 grams.

The rupee plummeted against the US dollar on Monday, reaching an all-time low, as concerns over the contagion effects of slumping Turkish lira hurt emerging market currencies. The Turkish lira hit a fresh record low today after closing down as much as 16% on Friday as US President Donald Trump doubled steel and aluminum tariffs on Turkey, raising concerns the country may plunge into a financial crisis. The INR broke the key 69 level and slipped around 1% to hit a record low above 69.60 against the US currency.

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14-Aug-2018 (09:42)
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13-Aug-2018 (09:58)
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13-Aug-2018 (09:43)
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13-Aug-2018 (09:35)
Economic Buzz: New Zealand Food Prices Up 0.7% On Month In July
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USDA Revises Global Oilseeds Production Higher By 10.50 Million Tonnes For MY 2018/19
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