Thursday 15 May 2014

CAPITAL STROKE COMMODITY UPDATE 15 MAY 2014 MCX GOLD

CONSOLIDATE STRATEGY BUY ON DIP R2-29300 R1-29000 S1-28400 S2-28100
Gold gained after data showed U.S. producer price inflation rose more than expected in April and as investors continued to monitor events in Ukraine.
Bullion seen supported as U.S. government bond yields hit a one-year low after sources told ECB rate cut next month is "more or less a done deal."

Investors remained cautious after seven Ukrainian soldiers were killed and seven wounded in an ambush by pro-Russian separatists in eastern Ukraine
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