MCX Silver 1st Call Stop Loss 47700— Hit Loss 400 Point
MCX Gold Sell 38150 Low 37485 = Profit 665 Point
MCX Silver 2nd Call Sell 47000 Low 46483 = Profit 517 Points
Gold slipped in the red after trading with gains for most part of the day in futures trade on September 25, tracking muted spot demand by jewellers at spot markets and weak global trend.
Gold prices had advanced as equity market declined after political uncertainty in the US after lawmakers launched a formal impeachment inquiry into President Donald Trump, while fears of US growth concerns also supported gold prices.
While speaking to reporters in New York on Wednesday, US President Donald Trump said a trade deal with China could happen sooner than people thought.
Regarding the trade negotiations with Japan, Trump said that Japan will open a new market to $7 billion worth of agricultural products from the US and Japan’s reduced tariffs will boost pork, beef, and corn exports.
There was no market reaction to these remarks but the 10-year US Treasury bond yield was still up more than 3% on the day while the US Dollar Index was clinging to strong daily gains above 99.
