Thursday 22 May 2014

CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014: MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28100 R1-27800 S1-27100 S2-26800
Gold trading range for the day is 26728-28600.
Gold settled down as pressure seen after the news of liberalisation of gold import norms.
India's central bank eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal.

SPDR Gold Trust, said its holdings fell 3.3 tonnes to 776.89 tonnes on Wednesday - the lowest since December 2008.
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