Gold MCX Volatile Movement, Level 30270-30730

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Gold MCX Volatile Movement, Level 30270-30730

Gold Silver Reports — Gold may witness volatile movement as investors will look forward to the outcome of FOMC meeting later today. Meanwhile movement of local currency rupee will give further direction to the prices.

Gold can move in range of 30270-30730 while silver can move in range of 41000-42000 in near term. Gold futures finished higher on Tuesday as investors sought the relative safety of haven assets ahead of next week’s “Brexit” referendum and a tandem of closely watched central-bank meetings. The clock is ticking down to the British referendum that will decide the U.K.’s relationship with Europe for generations to come. — Neal Bhai Reports