We expect gold and silver to trade on a positive note today on account of dollar weakness.
Gains in gold are also expected to be driven on the back of inflationary expectations, thus supporting the safe-haven asset even in times of risk appetite.
MCX Gold Dec’11 Rs/10 gms support:27650/27420 resistance:28075/28305
MCX Silver Dec'11 Rs/kg support:56866/55744 resistance:58980/60100
Courtesy: Karvy Commtrade Ltd.
Get Trading Tips that suits your profile and budget at tips.commodityonline.com
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Gains in gold are also expected to be driven on the back of inflationary expectations, thus supporting the safe-haven asset even in times of risk appetite.
MCX Gold Dec’11 Rs/10 gms support:27650/27420 resistance:28075/28305
MCX Silver Dec'11 Rs/kg support:56866/55744 resistance:58980/60100
Courtesy: Karvy Commtrade Ltd.
Get Trading Tips that suits your profile and budget at tips.commodityonline.com
View the original article here
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