THURSDAY 10.45 AM IST
THURSDAY
MARKET UPDATE
Gold has opened mildly higher as the US dollar has weakened
against the Japanese Yen .
The Federal Bank has kept interest rates steady and has
given an optimistic outlook of the US economy
increasing the possiblity of increasing the
interest rates in September .
Asian markets are trading weaker after the Us President has
announced additional tariff of 25 % on 200 Billion dollar worth
of Chinese imports .
The Bank of England is also set to raise interest rates
on Thursday .
Gold in the international market currently trading at $ 1219
Resistance now seen at $ 1225 and $ 1236
Will find support at $ 1214 and $ 1210
In the Mcx Oct Gold trading at Rs 29689
Levels are as under
Support seen at Rs 29650
Resistance 1 29800
Resistance 2 29850
Resistance 3 29955
We will keep updating .
THURSDAY
MARKET UPDATE
Gold has opened mildly higher as the US dollar has weakened
against the Japanese Yen .
The Federal Bank has kept interest rates steady and has
given an optimistic outlook of the US economy
increasing the possiblity of increasing the
interest rates in September .
Asian markets are trading weaker after the Us President has
announced additional tariff of 25 % on 200 Billion dollar worth
of Chinese imports .
The Bank of England is also set to raise interest rates
on Thursday .
Gold in the international market currently trading at $ 1219
Resistance now seen at $ 1225 and $ 1236
Will find support at $ 1214 and $ 1210
In the Mcx Oct Gold trading at Rs 29689
Levels are as under
Support seen at Rs 29650
Resistance 1 29800
Resistance 2 29850
Resistance 3 29955
We will keep updating .
It's not about working for money,it's about having money work for you.
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