COMMODITY REPORT AS ON 11 DEC. 2014

Spark Finserve”s daily commodity report brings to you market round up and daily trading ideas for MCX, NCDEX futures and options. Get technical analysis on gold, silver,Crudeoil and more...

MCX Gold Feb 2015

- Gold trading range for the day is 26918-27476.

- Gold settled flat as a modest rebound in equity markets and lower crude prices more than offset the impact of a weaker dollar.

- An increase in appetite for risk could limit interest towards assets perceived as safer, such as gold.

- SPDR gold trust holdings gained by 2.99 tonnes i.e. 0.41% to 724.80 tonnes from 721.81 tonnes.

- BUY GOLD FEB @ 26950 SL 26800 TGT 27100-27250.MCX

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