Tuesday, 8 July 2014

CAPITAL STROKE UPDATE 8-July-2014 : MCX GOLD




CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28100 R1-27800 S1-27200 S2-26900

Gold slipped lower, after last week's strong US employment data dashed the case for owning the precious metal.

The U.S. Department of Labor said non-farm payrolls rose by 288,000 last month, easily surpassing expectations.

Physical demand in top gold consumer Asia has also been weak as the metal is holding above $1,300.

SPDR Gold Trust, said its holdings rose 1.8 tonnes to 798.19 tonnes on Monday.

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