Market Update

Market Watch

Monday, 24 March 2014

MCX Tips: Recent Updates on Gold Market Today

Gold fell half a percent on Monday after posting last week its biggest weekly drop since November on the prospect of a U.S. interest rate hike in early 2015 that has boosted the dollar and dented the metal's appeal as a hedge against inflation.

SPDR Gold Trust, the world's largest gold-backedexchange-traded fund, said its holdings rose 0.52 percent to 816.97 tonnes.

Today’s Trends on Gold:
Trend: Consolidate | Strategy: Buy on Dips
R1- 30280, R2- 30550| S1-29550, S2- 29180
For more frequent and recent updates on gold, MCX Tips and Bullion Premium Tips you may visit us at  .

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