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MCX Gold Intraday Calls, Comex Fundamental Views

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  • Thursday, July 07, 2011
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  • COMEX GOLD FUNDAMENTAL VIEWS:
    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.

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