Gold price (XAU/USD) tumbles to near $4,210 during the early Asian trading hours on Wednesday. The precious metal loses momentum as traders book profits ahead of the upcoming key US data releases. Traders brace for the release of the US ADP Employment Change and ISM Services PMI data later on Wednesday.
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Gold Silver Reports ~ Gold prices soared to the highest level since June in North America trade on Monday, as retreating oil prices and steep declines in global equity markets underpinned demand for assets perceived as safer.
Neal Bhai Reports ~ Gold settled up 0.37% at 27524 as a mixed U.S. jobs report prompted investors to reassess the outlook for U.S. interest rates this year,
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Neal Bhai Reports ~ Bullion Profit Booking at Higher Levels can be seen later today. Furthermore movement of local currency rupee can give direction in MCX.
Neal Bhai Reports ~ Base metals may remain sideways as China markets are closed due to lunar year holidays. Copper maytrade in range