CO:MCX Gold moving up on inflationary pressure and dollar weakness
AHMEDABAD (Commodity Online): MCX Gold closed at Rs. 26726 as compared with its previous close of Rs. 26702, it is consistently moving up on boosting demand in retail buying, accompanying other sensitive assets like industrial commodities and equities.
One of the reason for heavenly demand in Gold is due to growing inflationary pressure and dollar weakness.
Technically, MCX Gold is having support near Rs. 26610 and resistance at 26800, overall market for the day or two, will remain clueless, adds, Hardik Jani research analyst from Commodity Online.
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