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As per MCX www.crudeoperator.com intraday research Mumbai base company report for :
Gold pulled back on stronger dollar
Gold prices fell to a more than one-week low on Monday, as a stronger dollar weighed on the metal and investors awaited a Federal Reserve meeting this week. The dollar hit a two-week high against the yen as investors focused again on the U.S. reflation trade which dominated in the aftermath of Donald Trump’s election as U.S. President in November, but has stalled this year. A higher U.S. currency makes dollardenominated commodities more expensive for holders of other currencies, potentially subduing demand. Investors bought equities, betting that Trump’s tax reform plans will boost economic growth and corporate profits, but they are concerned by his protectionist ideas on trade. Meanwhile national elections in Europe this year, starting with the Netherlands at the end of March, make the political outlook uncertain. The first round of the presidential elections in France follows in April, with the possibility of Marine Le Pen of the National Front winning a root cause of much uncertainty. This week, investors will hear from U.S. Federal Reserve Chairwoman Janet Yellen, who will appear before the Senate Banking committee on Tuesday and the House Financial Services Committee on Wednesday.
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