Market Update

Market Watch

Friday, 28 February 2014

MCX Trading Tips: Gold Moves towards the Biggest Monthly Gain

Gold was little changed on Friday but was on track for its biggest monthly gain since July after investors and speculators chased prices higher on concerns about the pace of the U.S. economy and unrest in Ukraine.

Cash gold was nearly flat at $1,330.86 an ounce by 0338 GMT, down from a four-month high of $1,345.35 struck on Wednesday. 

Gold has gained 7 percent in February, its biggest monthly rise since the 7.2 percent added in July.

 Today’s Trend for Gold: 
 GOLD (APR)
 Trend: Consolidate | Strategy: Buy on dips
 R1- 30370, R2- 30750 | S1-29850, S2- 29580


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