MCX Gold has incrsed Brightness Because of poor US data @ Sell MCX Gold for Today

The worst figures in the US yesterday, Gold’s luster has increased. In global markets, Gold prices have gone beyond $ 1,350. Gold gained $ 50 in just 3 days and gold in the domestic market during the period have been bouncing around Rs 900. Meanwhile, however, ABN AMRO has slashed its estimate on gold. The bank said in December that US interest rates may rise by 25 basis points every 6 months and then it will continue to rise. The average price of gold in the December quarter is estimated at $ 1325. gold can stay $ 1272 with the avrage price during the year.

In the domestic market MCX Gold is trading around 31425 with in october future contract, you can Sell MCX @Gold at current market levels targets 31375, 31325 stop loss 31479.

Leave a Reply

Your email address will not be published. Required fields are marked *