Today’s Trend for Gold:
Trend: Consolidate | Strategy: Buy on dips
R1- 29470, R2- 29750 | S1-28950, S2- 28680
After a 28-percent dip in 2013, gold is getting a boost this year from weakness in stock markets, which on Thursday were dented by fears of a slowing economy in China. A mixed bag of U.S. corporate earnings is also hurting shares.
Gold is seen as an alternative investment to stocks.
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