Gold falls to 2-1/2-month trough, Fed rate hike in focus - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Gold falls to 2-1/2-month trough, Fed rate hike in focus
* Russia unleashes rockets in Mariupol, EU readies oil sanctions
* Oil slips on China demand worries, while EU weighs Russia oil ban
Chart of the day:
CRUDEOIL: CRUDEOIL is consolidating in the range of 7670-8370 where move above 8370 can lead some upside towards 8470-8550 while if it slips below 7350 it may head towards zone.
Technical View:
* Bullion: Day trend is indicating downtrend in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas.
* Base metals: Day trend in base metal is indicating sideways to downtrend
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