Friday, 3 July 2015

Traders bet on gold metal to fall below Rs 26,000 mark



Punters on the commodity futures exchange are betting big on gold falling below Rs 26,000 per 10 gm in the August series with the commodity having recently broken below key support levels on growing hopes of a solution to the Greek crisis. This, they believe, would reduce the risk premium on the metal that's viewed as a hedge against inflation and a safe haven asset. - Read more

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