CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28500 R1-28200 S1-27600 S2-27400
Gold dropped as speculation that the Federal Reserve will raise U.S. interest rates sooner than expected.
Gold seen as a hedge against risk in times of uncertainty, jumped on Thursday as investors bought back their bearish bets in the metal.
SPDR gold trust holdings gained by 1.80 tonnes i.e. 0.22% to 805.14 tonnes from 803.34 tonnes.
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