Market Update

Market Watch

Tuesday, 31 December 2013

MCX Gold News Today

Gold held a moderate rebound on Tuesday after dropping more than 1 % in the previous session, but the precious metal was still going for its biggest yearly decrease since 1981 because traders shifted money to stocks.

Gold included $2.80 an ounces to $1,198.80 by 0255 GMT
, but was set to end this season down around 28 %. Prices were sharply reduced than all-time peaks above $1,900 this season, when a worsening debts problems in European countries stimulated purchasing.

Today’s Trend for Gold
Trend: Consolidate | Strategy: Buy on dips
R1- 28770, R2- 29150| S1-28050, S2- 27780

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