MCX Gold Target 33800—34333, Buy on Dips – Neal Bhai
MCX Gold settled up 0.2% at 33367 as the dollar eased as trade tensions faded, but regained most of the lost ground as the day progressed. Trade tensions easing as the U.S. President Donald Trump decided to delay the imposition of additional tariffs on goods imported from China.
Trump, who said trade talks are seeing a substantial progress on a series of divisive areas, including intellectual property protection, technology transfers, agriculture, services and currency, indicated a likely meeting with Chinese President Xi Jinping to reach a final deal.
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U.S. President Donald Trump said he may soon sign a deal to end a trade war with Chinese President Xi Jinping if their countries can bridge remaining differences, saying negotiators were “very, very close” to a deal.
MCX Gold Tips — MCX Gold Above 33200 Ultimate Target 34070—34333, With in 10 To 15 Days
Physical gold demand in Japan slackened in the week as prices rallied, while a market correction towards the latter half of the week lured some buyers back in India and Singapore.
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In India, dealers were offering a discount of up to $1 an ounce to official domestic prices, down from $6 on Wednesday, and compared with last week’s $5 discount range.
