Thursday, 4 September 2014

CAPITAL STROKE UPDATE 4 September-2014 : MCX GOLD



CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28100 R1-27800 S1-27300 S2-27000

Gold prices recovered losses as lingering tensions over Ukraine and a weaker dollar prompted bargain hunting and short covering

Prices earlier seen under pressure following reports that Ukraine and Russia had reached a ceasefire agreement in eastern Ukraine.

SPDR gold trust holdings dropped by -2.69 tonnes i.e. 0.34% to 790.51 tonnes from 793.20 tonnes.

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