CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27300 R1-26900 S1-26400 S2-26200
Gold tumbled as dollar index jumped to a four-year peak after Fed signalled that a faster hike in U.S. interest rates might be on the horizon.
Gold was also hurt after data showed that the number of Americans filing new claims for unemployment benefits fell more than expected last week.
India's monthly gold imports are set to rise by as much 50 percent from current levels.
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