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Gold, Oil muted; metals mixed

From indiainfoline.com

On Monday, Gold remained strong after White House economic adviser L Kudlow firmed its stance on keeping deadline for new tariff on Chinese goods. Spot Gold was trading up at $1,459.68 whereas Comex Gold Future was trading down 0.08% at $1,463.95 per ounce. MCX gold price has shown negative movement form higher levels during Friday’s session and closed at 37,699 levels. Gold price has faced resistance of its falling channel pattern at 38,550 levels on the daily chart. MCX Gold price has given breakdown of its rising trend line on the hourly chart at 38,300. In addition, gold price is trading below its 50-day moving ... (full story)

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  • Category: Fundamental Analysis