Gold price edged higher on Monday, as vulnerability over the eventual fate of Greece and concerns encompassing the effect of an interest rate trek in the U.S. stayed in core interest. On the COMEX, gold prospects for August conveyance attached on $4.80, or 0.41%, to trade at $1,184.00 a troy ounce.
Gold traders are looking ahead to Wednesday’s Fed rate statement for a clear signal on when it could start to raise interest rates. In last week, we have seen some upmove in the prices and recovery could be further seen till 27300 level. On downside, it has immediate support 26770 level and final at 26600 level. Bias will remain on upside. Any pullback till 26800 would be good buying opportunity for traders.
MCX Trading Tips For Today
As per our concern Bullions are expected to trade upside, Our Experts have suggest that to go long in bullions at lower levels.
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