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上海后花园论坛

Gold to trade sideways to down this week on hawkish signals from US Fed, strong dollar; support at Rs 50400

By Tapan Patel Commodity prices traded mixed with bullion prices declined for the week witnessing selling in the second half of the week. Base metals ended in green on tight supplies and China stimulus hopes. Crude oil prices traded higher gaining on lower supplies and expectation of OPEC output cut. Gold prices traded lower with spot gold prices at COMEX ended over half a percent down at $1738 per ounce for the week. Gold October futures at MCX fell by 0.47% to Rs. 51238 per 10 gram despite a weaker rupee. The spot rupee fell by 0.11% to 79.87 against …

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