Gold futures traded lower amid volatility

Gold futures traded lower amid volatility

Gold futures traded lower amid volatility in the morning on January 20, after rallying more than a percent in previous three trading sessions on the hope of improving consumer demand following the phase one trade deal signed between the United States and China.

The February gold futures contract was trading at Rs 39,890 per 10 gram on the MCX, down Rs 56 or 0.14 percent, at 0905 hours IST. It closed at Rs 39,946 on January 17, after rising 1.26 percent in three consecutive sessions.

Experts expect prices to cross psychological Rs 40,000 mark soon as it continued to hold its support levels.