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Thread: Bullion tips :Today gold futures expanded a downward slide

  1. #1

    Bullion tips :Today gold futures expanded a downward slide

    Gold futures expanded a downward slide during noon trade in the native market on today.October 2015 contract for Gold futures is trading at Rs 25,756 per 10 gms, down by 0.39 per-cent after opening at Rs 25,827, against the preceding closing price of 25,856.


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  2. #2
    Gold is likely to trade in India's Multi Commodity Exchange in the range: 26795-27349 on Wednesday. Technically Gold market is getting support at 26954 and below same could see a test of 26795 level, And resistance is now likely to be seen at 27231, a move above could see prices testing 27349.

    Gold settled up 0.39% at 27112 rallied on Tuesday amid a slightly weaker dollar, one session after tumbling nearly 1% following indications from China that could expand this year at its lowest rate in more than a decade. As MMF Solutions provides Comex tips for better trading in Comex and helps you in earning more benefit.

  3. #3
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    Gold languished near a four-week low on Tuesday as investors bet the Federal Reserve would hike U.S. rates this year, triggering fund outflows. Gold is seeing a sell-off as investors position themselves for a possible U.S. rate hike this year. Last week, the Fed firmly put a December rate rise in play, hurting earlier expectations that the increase could be pushed to next year on global growth concerns. U.S. economic data on Monday was supportive of a rate hike this year. Manufacturing activity in October hit a 2-1/2-year low, but a rise in new orders offered hope the United States might have seen its worst.
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