CAPITAL STROKE UPDATE 19-June-2014 : MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26200

Gold steadied before the conclusion of a two-day U.S. Fed meeting, which was expected to yield a more hawkish tone from the central bank.

Fed on said it was leaving its benchmark interest rate unchanged at 0.00-0.25% but said it would cut its monthly bond-buying program to $35 billion

Gold jewellery exports from India are likely to grow by a quarter in the year to March 2015, helped by an expected relaxation of import policy.

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