"Sell crude palm oil @ 538 sl 542 tgt 532/530"Gold and silver prices are likely to remain bearish ON Saturday with both precious metals to come under downside pressure Gold may fall below $1200/Oz and if downside pressure continues, it could test $1185-1182 mark while MCX Gold Feb contract has support 27700, 27000 mark while resistance is seen at 29350, 30,300
levels, Angel Commodities said in a monthly bullion report. Spot gold prices declined nearly 4% in December and also showed reaction to a plunge in SPDR Gold holdings that fell more than 5% during the month. Gold prices could have seen further correction but weakness in the Dollar Index prevented further fall in prices.
|
GOLD
|
29,003
|
171
|
+59%
|
|
SILVER
|
44,824
|
700
|
+1.56%
|
|
OIL
|
5,704
|
-1
|
0.02%
|
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