Gold Outlook by CapitalVia Global Research NIL

Gold Outlook by CapitalVia Global Research

by By Vivek Gupta, CMT, Director Research, CapitalVia Global Research Limited 02 Jan 2015, 09:51 am

#Gold Outlook by CapitalVia Global Research

Gold gained on Tuesday, whereas modestly lower than expected US Consumer confidence data, fall in equity markets and modest cut in the Greenback most likely supported the positive move in Bullion.

But still remained vulnerable as the U.S. dollar was trading near nine-year highs against a basket of other major currencies. 
 
Assets in the SPDR Gold Trust dropped 0.2 percent on Wednesday to 710.81 metric tons, the lowest since Sept. 2008.

In upcoming days, we can expect COMEX Gold February Futures prices to trade on negative note due to strong volatility in Currency. 
 
Technically If COMEX Gold breaks the level of $1180 then it can test the level of $1155 and $1130 on the downside. If MCX Gold Feb futures breaks the levels of 26660 on downside then movement can be seen till the levels of 26400 and 26080.

Top Headlines

Related Videos
Video

Taste of America, Indian style

by India Blooms 09 Jul 2015, 02:07 pm

Video

Love is the Drug

by Hannah Cornett 01 Jun 2015, 12:30 pm

Video

Can India benefit from Kentucky coal?

by ibns 30 Jan 2015, 01:42 pm

Video

Bollywood weekly round up

by ians 11 Aug 2014, 12:14 pm

Related Photos
Narendra Modi takes oath for rare third term as Prime Minister

Narendra Modi takes oath for rare third term as Prime Minister

by Trans World Features 10 Jun 2024, 12:06 am

PM Modi launches Ram Mandir amid a gathering of seers and celebrities

PM Modi launches Ram Mandir amid a gathering of seers and celebrities

by Trans World Features 24 Jan 2024, 01:56 pm

Ayodhya gears up for Ram Mandir consecration

Ayodhya gears up for Ram Mandir consecration

by Trans World Features 24 Jan 2024, 01:40 pm