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Monday 10 October 2016

Yellow metal little changed on overseas cues : 10 Oct 2016

Gold futures closed little changed in the domestic market on Friday as investors and speculators widened their positions in the precious metal tracking positive cues from overseas markets after the US September jobs report.

The September US non-farm payrolls came in at up 156,000, which was a slight miss to the downside from market expectations of a rise of 170,000, thus raised demand for the safe haven.

At the MCX, gold futures for December 2016 contract ended at Rs 29,592 per 10 grams, up by 0.06 per cent, after opening at Rs 29,600, against a previous close of Rs 29575. It touched the intra-day high of Rs 29860.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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