CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27500 R1-27300 S1-26700 S2-26400
Gold fell as the dollar surged and commodities led by crude oil tumbled on expectations of further gains in the U.S. currency.
Pressure seen amid speculation a strengthening economic recovery in the U.S. would prompt the Federal Reserve to hike rates sooner.
SPDR gold trust holdings dropped by 2.36 tonnes i.e. 0.31% to 769.89 tonnes from 772.25 tonnes.
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