Profitable Bullion Tips by Research via for 29 Dec, 2015

Bullion Tips : SELL GOLD BELOW 1072.10 TGT 1068.10/1062.10 SL 1076.10

Bullion tips & updates - Today, Yellow metal, Gold struggled to recover from overnight losses as a relentless slide in oil prices dented requirement for the metal, often seen as an inflation-hedge.

Spot gold was seen little bit changed at $1,070.05 an ounce by 0116 GMT, after losing 0.6 per-cent in the previous session. Volumes remains thin in the last trading week of this year.

In the absence of strong trading cues & liquidity, gold is about to remain range-bound for the remainder of the week, tracking oil & currency markets.

Over the short-term, the precious metal will likely trend downways, as funds look to close out the year and contemplate heading into up-coming year with a fresh slate. Yellow metal was sold off on yesterday as crude was felling down much than that of 3 per-cent, with world wide benchmark Brent back around 11-year lows as previous week's short-covering dried up and players worried that crude prices had more room to swoon in the new year. Today, crude prices were lower in early Asian trading. Requirement for gold drops with oil as the metal is seen as a hedge against oil-led inflation.


Bullion Tips : SELL GOLD BELOW 1072.10 TGT 1068.10/1062.10 SL 1076.10


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