Wednesday, 30 March 2016

Live Mcx Market News On Gold and Silver

Live News for Commodity Market visit at www.marketmagnify.com

Gold dipped slightly on Tuesday, but held above a one-month low on a softer dollar and weak U.S. economic data that dented expectations of an immediate hike in U.S. interest rates. Traders were waiting to hear from Federal Reserve Chair Janet Yellen later in the session on U.S. interest rate outlook amid recent hawkish comments from other Fed officials. MCX Gold Apr is currently trading at `28407. It is trading down by `51 points for the day. MCX Silver May is currently trading at `36512. It is trading down by `51 points.

Silver. It suggests that prices are trading in mixed to firm note. However, it is expected to take support near 36450 levels where cluster of supports coincides. Further it has support at 36050 levels. On the upside, it has immediate resistance at 36950 levels.

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