Gold rises as Trump
policy fuels safe haven demand
Gold rose on Tuesday on increased safe haven
demand as US President Donald Trump's tough stance on immigration rattled global
markets, with prices finding further support from a weaker dollar.
MCX Free Tips Traders were also awaiting the US
Federal Reserve's two-day meeting on monetary policy starting on Tuesday for
cues on US interest rate hikes.
Spot gold rose 0.4 percent to USD 1,200.00 per
ounce by 0307 GMT, while US gold futures edged up 0.5 percent to USD 1,199.6.
In other precious metals, spot silver was up 0.2
percent, at USD 17.14 per ounce, while platinum edged up by 0.5 percent, to USD
990.30.
Stock Cash Premium BUY IDEA ABOVE 111,
Target1-
112.10,
Target2- 113.50,
StopLoss BELOW 109.50.
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