Comex gold and silver futures prices are trading with good gains, on account of regarding European Union sovereign debt. Moody downgraded Portugal`s sovereign debt status to junk. This underpinned the buying sentiment in the precious metals complex, as a measure of risk aversion.
MCX Gold (August)
Recommendation: Buy on dips around 22,155/22,170 with stop loss 22,100, and target of Rs 22,200-22235-22270.
MCX Gold (August)
Recommendation: Buy on dips around 22,155/22,170 with stop loss 22,100, and target of Rs 22,200-22235-22270.
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