CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27400 R1-27100 S1-26500 S2-26200
Gold dropped as rupee firmness weighed despite growing concerns over the global economy prompted safe-haven bids.
The minutes of Fed last policy meeting show they are struggling with how to come to grips with the dual threats of a stronger dollar and a global slowdown.
SPDR gold trust holdings dropped by 5.39 tonnes i.e. 0.70% to 762.08 tonnes from 767.47 tonnes.
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