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GOLD AND CRUDE OUTLOOK: 27-06-2016

GOLD AND CRUDE OUTLOOK: 27-06-2016
June 29
11:05 2016

Investors sold equities and basic metals and started accumulating yellow metal, thereby the prices soared to a level of $1362.64 per troy ounce and it can continue its upward journey further towards $1400 per troy ounce. As long as uncertainties over Brexit, investors may create fresh positions in gold which will give boost to its price.

 

Investors sold Crude on expectation that the demand for the black gold to come down further after the Brexit, and it lost $50 support and likely to remain subdued some more time and it could get support at $46.73 or $45.84 per barrel and it is facing resistance at $50.22 and $51.47 per barrel.

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ALEX MATHEWS

ALEX MATHEWS

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