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.
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
CALL:- BUY SHILPA MED
ABOVE 695
TG1 710
TG2 725
SL 678.20
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