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Wednesday 9 November 2016

Gold shines on Donald Trump’s victory : 09 Nov 2016

Gold futures were trading higher during the afternoon trade in the domestic market on Wednesday as safe haven assets become more attractive for investors as Donald Trump stunned the financial markets by winning the US presidential election.

The prices for gold rise as traditional safe-haven become more attractive for investors in times of high economic risk. Also, the US dollar fell sharply against a basket of other leading currencies.

At the MCX, gold futures for December 2016 contract is trading at Rs 30,460 per 10 grams, up by 1.94 per cent, after opening at Rs 30,400, against a previous close of Rs 29,880.


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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