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


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


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