DJ MARKET TALK India Gold Futures Down 02 On Profit Booking
Posted by giatructuyen.com on February 26, 2010
DJ MARKET TALK: India Gold Futures Down 0.2% On Profit Booking
Fri Feb 26 00:16:19 2010 EST
0516 GMT [Dow Jones] India MCX April gold futures down 0.2% at INR16,668/10
grams on profit booking; contract rose 1.2% yesterday. Strength in INR also
weighing on prices, but firm overseas gold markets limiting downside in
domestic prices. Contract likely to find support at INR16,519, with upside
capped at INR16,772, brokerage India Infoline says in note; adds, investors’
focus now turns to U.S. economic reports on 4Q GDP, consumer sentiment for
February, January existing home sales, due later today. (SWA)
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(END) Dow Jones Newswires
02-26-10 0016ET
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