Gold Futures or Turmeric Futures Trade News Today

Gold futures settle higher on global recession fears

Gold futures settled modestly higher on Tuesday as the sluggish US economic data and uncertainty over US-China trade deal increased worries for a possible recession. Furthermore, a weaker dollar and U.S. stocks buoyed the yellow metal investment appeal.

Gold futures for December settled up 1% at $1,551.80 an ounce on the Comex division of the New York Mercantile. Spot gold was up 1% at $1,540.57 per ounce.

Turmeric futures trade up as demand surges

Turmeric futures traded up on NCDEX with a widening of positions by traders following a surge in upcountry demand for the crop at Erode markets. However, improved supply of turmeric from major producing belts pressurized the rates.

The contract for September delivery was trading at Rs 6778.00, up by 0.09% or Rs 6.00 from its previous closing of Rs 6772.00. The open interest of the contract stood at 10285 lots.

The contract for October delivery was trading at Rs 6874.00, up by 0.03% or Rs 2.00 from its previous closing of Rs 6872.00. The open interest of the contract stood at 6420 lots on NCDEX.

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