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Gold slipped a little yesterday after the US inflation data prompted investors to book profits after a weeks long rally. However US jobless filing for new jobless benefits dropped to a four-year low in the previous week, while factory activity expanded moderately. Greece and its private bondholders resume their debt swap talks today and could be a leading trigger for the day.
At 14:17 hrs MCX GOLDM February contract was trading at Rs 27409.00 up Rs 31.00, or 0.11%. It touched an intraday high of Rs 27456.00 and an intraday low of Rs 27399.00. So far 18880 contracts have been traded.
Today also it is looking consolidate. MCX gold may touch the 27150 level in its intraday trading session. We suggest that not to make any new position in this consolidate market.
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