Gold May Retest Resistance Level @ $1,290

Gold Silver Reports (GSR) – Gold prices touched a more than one-week high on Monday as fears of a protracted U.S.-China trade war hurt risk sentiment, while poor economic data from the United States bolstered bets of a U.S. Federal Reserve rate cut.

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MCX Gold Price

MCX Gold Target 33800—34333, Buy on Dips – Neal Bhai

MCX Gold Target 33800—34333, Buy on Dips – Neal Bhai

MCX Gold settled up 0.2% at 33367 as the dollar eased as trade tensions faded, but regained most of the lost ground as the day progressed. Trade tensions easing as the U.S. President Donald Trump decided to delay the imposition of additional tariffs on goods imported from China.

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