Gold Returned To Global and Domestic Markets

Gold prices inched higher after tapping a nearly six-year low on Wednesday as the market reacted to the minutes of a recent US Federal Reserve meeting that gave mixed signals about a possible rate hike in December.
Spot gold prices were on track to settle higher, if only slightly, for the first time in seven sessions after falling on pressure from prospects for the first US interest rate hike in nearly a decade in December.

TODAY MCX INDIA TIPS

  • SELL GOLD DECEMBER MCX BELOW 25192  STOPLOSS ABOVE 25395 TARGET 25110, 25002
  • BUY ALUMINIUM NOVEMBER MCX ABOVE 96.65  STOPLOSS BELOW 95.20 TARGET 97.70, 98.40
  • BOOK PROFIT IN NICKEL AT 596.30 OR TRAIL STOPLOSS TO 603 FOR TARGET 580

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