Tuesday, 7 October 2014

CAPITAL STROKE UPDATE 7 October 2014 : MCX GOLD



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

Gold rose as the dollar's sharp retreat sparked fresh physical demand and short covering after bullion dropped earlier.

Forecast-beating U.S. nonfarm payrolls data on Friday bolstered bets the Federal Reserve would raise interest rates in mid-2015.

SPDR gold trust holdings dropped by 2.42 tonnes i.e. 0.31% to 767.47 tonnes from 769.89 tonnes.


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