Commodity Outlook and Weekly Review ~ MCX NCDEX Commodity Tips - 0 views
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sharetipsguru on 11 May 15Positive side from data though, Unemployment rate increased and also labour force participation inched tad higher. That is the reason which kept Gold and Silver in a band for the day and whole of last week with mercurial movement seen higher within that band. Today morning, we are seeing Gold largely flat to negative as Asian equities move higher tracking US and also backed by another Chinese rate cut. With markets not having any major data today, likely that movement in Bullion would be restricted. While bias stays on negative side, we advice traders taking momentary shorts in Gold for small TGT's.
