Gold price may trade weak today on MCX. Manoj Jain, Director India Nivesh Says gold prices once again test 34950 in early trade yesterday, at Comex prices test $1418. Gold is unable to break $1420/INR 35000. Upbeat U.S. retail sales and industrial production data support Dollar index. Unexpected gain in dollar index push gold prices down.
President Donald Trump also said in a tweet as he is agree to talk with Iran and could impose more tariff on China. Today gold looking weak and it could test $1400/INR 34600 again.
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