Life @ TradeIndia Research

Wednesday, 14 December 2016

Gold-Silver Trading Range for the Day

Gold trading range for the day is 27380-27726.

Gold dipped somewhat ahead of key two-day meeting of U.S. Fed that is expected to deliver the second interest rate rise in a decade.

MCX Free Tips: Fed’s Charles Evans said that it was “still early to have a good idea of what fiscal policies and other events are going to mean.”

Reflecting lackluster sentiment, holdings of the SPDR Gold Trust, holdings are down over 9 pct since November.

Silver trading range for the day is 40534-42110.

Silver dropped as investors turned their attention to the outcome of the Federal Reserve’s two-day meeting.

gold-silver trading

The Fed is widely predictable to hike rates for the first time in a year on at the end of its meeting, with investors pricing in a 100% possibility of a raise.

Holdings at ishares silver trust dropped by 0.53% i.e. 56.04 tones to 10664.32 tons from 10664.32 tones

Watch today's intraday stock call



TG1 710

TG2 725

SL 678.20

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