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MCX Gold might move up to 31000 level; support at 28500

MCX Gold

Precious commodity scored its best weekly percentage advance since late 2008, sparked by a rush to haven assets. Gold has climbed nearly 17% so far this year amid global market turmoil, compared with a decline of 9% for the S&P… Continue Reading

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Oil rallies might be limited: Make sell on rise view near 2250

Oil Prices Dropping Illustration

Oil prices rallied above $32 a barrel on Friday as the prospect of new central-bank stimulus and an upcoming snowstorm in the U.S. boosted expectations for fuel demand. Global inventories of crude oil continue to grow, which could cap any… Continue Reading

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Gold future might be turned southward from 26400

Golden Balance

Gold rose nearly 2% on last trading session of current week, after dropping for four of the past five sessions, as a weaker dollar and falling equity markets underpinned demand for assets perceived as safer. European shares dropped, following losses… Continue Reading