Wednesday 9 April 2014

CAPITAL STROKE COMMODITY UPDATE 10 APRIL 2014 : MCX GOLD




Gold trading range for the day is 28237-28649.
Gold settled down while traded in the range as investor eyed on U.S. Federal Reserve for clues on the direction of the dollar.
The release of Fed minutes that eased concerns the central bank was set to hike interest rates soon after it ended its massive monetary stimulus later this year.
Investors continued to pull money out of gold-backed exchange-traded funds, raising the risk that price gains could be short lived.

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