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Rohan
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| 12 December 2011, 16:37:46 |
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Gold and other commodities are under pressure today amid mixed cues from Euro-zone and China. However, Focus for this week will also be on bond sales by Euro-zone nations following last week’s EU summit and US economic data. Overall, gold is likely to witness choppy trade due to lack of direction in the market however buying on dips could be the strategy for this week.
Silver may also remain under pressure in the near term as uncertainty about global economy will weigh on gold and industrial metals. However, we do not expect a sustained decline in gold and this will limit downside in silver as well. Buying on dips could be the strategy for silver this week...... Read technical levels of gold silver copper and crude with strategies for today. Indian Crude Oil Tips
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