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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: GOLD (APR) Trend: Consolidate | Strategy: Buy on Dips R1- 30280, R2- 30550| S1-29550, S2- 29180