Bullion: Domestic gold
trading higher a similar rise in the COMEX. Gold prices jumped Friday
after a weaker-than-expected U.S. payroll report sparked fresh hopes for
an extended period of gold-friendly stimulus from the U.S. Federal
Reserve. Economists surveyed by Dow Jones Newswires had forecast that nonfarm payrolls would rise by 200,000 and the unemployment rate would hold steady at 7.7 percent.
MCX Gold June Contract is looking positive for the day. Market may find support near 29580 & 29480; intraday resistance can be seen near 29760 & 29880. Day traders are advised to buy intraday on dips. (Buy around 29580 with SL 29480, for the target of 29760 & 29880.)
MCX Gold June Contract is looking positive for the day. Market may find support near 29580 & 29480; intraday resistance can be seen near 29760 & 29880. Day traders are advised to buy intraday on dips. (Buy around 29580 with SL 29480, for the target of 29760 & 29880.)
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