Bullionnaire: Weekly Gold Trade Wisdom 8 Oct 2012

Friday 5 October 2012

Weekly Gold Trade Wisdom 8 Oct 2012

Week ending 5 Oct saw a decline of Rs 387 on week and 729 on monthly basis on the active December contract amid lesser unemployment growth US data. Week also witnessed Indian Reforms II pending getting approval of Parliament. Overall sentiment is still bullish so investors may stay on. Next week may see rise to a levels of 31450-31600.
New investors may enter at current levels in December contract.
Happy Investing....

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