Sunday 21 September 2014

CAPITAL STROKE UPDATE 22 September-2014 : MCX GOLD




CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27000 R1-26700 S1-26200 S2-26000

Gold dropped as Fed’s latest guidance on future rate hikes continued to weigh and markets digested the outcome of referendum on Scottish independence.

Fed's statement seen hawkish, despite policymakers maintaining language suggesting that rate hikes would not happen for a "considerable time."

SPDR gold trust holdings dropped by 7.78 tonnes i.e. -0.99% to 776.44 tonnes from 784.22 tonnes.

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